Volume Weighted Moving Average (VWMA) Indicator Download for MetaTrader 4 - MT4/MT5 Resources

On July 22, 2025, in version 2, the indicator added alerts/notifications and signals functionality

The Volume Weighted Moving Average (VWMA) indicator, by combining price and trading volume , provides traders with an accurate and practical average price among MetaTrader 4 indicators . This Support and Resistance indicator , by taking into account the impact of trading volume, has a greater ability to identify strong trends .

In VWMA, blue represents the buyer strength in the market, indicating rising prices and an upward trend . On the other hand, red reflects the seller strength , which correlates with price declines and downtrends .

VWMA Indicator Specification Sheet

The following table succinctly presents the details of this indicator:

Indicator Overview

In the VWMA calculation, the closing price of each candlestick is multiplied by the volume over the same period . Then, the sum of these values ​​is divided by the total volume over the desired period.
This method ensures that prices with higher volumes are given greater weight in the calculation. Therefore, VWMA is more sensitive to trading volume fluctuations and reflects price changes more accurately.

VWMA in an Uptrend

The chart below shows the USD/JPY currency pair in a 5-minute time frame . The blue line represents an uptrend and acts as a dynamic support zone .

After receiving the necessary confirmation , traders can enter the Buy position and set their stop-loss just below this support zone .

VWMA in a Downtrend

In a downtrend for Ethereum (ETH) on a 1-minute time frame , this indicator acts as a dynamic resistance level and accurately detects price drops .

After receiving the necessary confirmation , traders can enter the Sell position and set their stop-loss slightly above these resistance zones .

Additionally, traders can choose phased exit to follow the continued downtrend after securing profits .

Indicator Settings

The details of the indicator settings are shown in the image below:

• Period : Set the period or time range (default is 20);
• Price : price type used for calculation (default is closing price);
• Volume to Use : The trading volume used (based on the quotation volume);
• Shift : adjust the position of the indicator light;
• Theme : background chart image.

Conclusion

In summary, the VWMA indicator combines price and volume to provide a powerful tool for trend analysis and trading signal confirmation .

VWMA is also reliable in predicting market trends .