MetaTrader 5 Volume Weighted Moving Average (VWMA) Indicator Download - MT4/MT5 Resources
On July 22, 2025, in version 2, the indicator added alerts/notifications and signals functionality
The VWMA Indicator combines price and trading volume to identify market trends and reversals. VWMA is calculated by first multiplying the closing price of each candlestick by the trading volume for the same period.
The sum of these values is then divided by the total trading volume for the specified period.
VWMA Indicator Specification Sheet
The following table contains a summary of information about this indicator:
| Indicator categories: | Support and Resistance MT5 Indicator MT5 Volatility Indicator Trading Aid MT5 Indicator |
| Platforms: | MetaTrader 5 Indicators |
| Trading Skills: | Intermediate |
| Indicator Types: | Lagging MT5 Indicator |
| Time frame: | Multi Time Frame MT5 Indicators |
| Trading Style: | Day Trading MT5 Indicators |
| Trading Tools: | Forex MT5 Indicators Cryptocurrency MT5 Indicators Stocks MT5 Indicators Stocks MT5 Indicators |
Indicator Overview
In the VWMA indicator, blue represents the strength of buyers and forms an uptrend , while red represents the dominance of sellers and the presence of sellers downtrend .
This method gives higher weight to prices with larger volumes , making VWMA more sensitive to changes in trading volume. This feature helps traders accurately check price changes and correctly identify key market trends.
VWMA in an Uptrend
The blue line in this support and resistance indicator represents the uptrend . In the image below, the indicator clearly identifies the upward trend and the price uses the line marked by the indicator as dynamic support .
These areas act as support areas, causing price reversals and increases.
VWMA in a Downtrend
On the price chart of the AUD/USD currency pair 1-hour time frame , the red line acts as a dynamic resistance level during a downtrend. When price hits this line, it reacts and moves downward.
After entering a sell position, traders can set their position stop-loss above this resistance area.
VWMA indicator settings
In this image, the indicator settings are shown in full:
- Period : Set the time range or period (default is 20);
- Price : Reference 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
The VWMA (Volume Weighted Moving Average) indicator is an efficient tool for trend identification among MetaTrader 5 indicators . By combining price and trading volume , it provides a clear market analysis . This indicator, by incorporating volume impact into its calculation, provides higher sensitivity to market fluctuations .
VWMA acts as dynamic support during uptrends and dynamic resistance during downtrends.
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