Volume Weighted MA MetaTrader 4 with Price Indicator | Gold EA Download - MT4/MT5 Resources

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

The Volume Weighted Moving Average with Price (VWMA with Price) indicator in MetaTrader 4 displays two moving lines by combining price and volume data.

The indicator consists of a price line (gold line) and a moving average line , which adjusts based on volume and candlestick weight.

This feature makes the calculated averages more significant in high volume areas, allowing for more accurate trend analysis.

Volume Weighted Moving Average with Price Indicator Specification Table

Specifications and features The volume-weighted MA and price indicators are shown in the table below:

Indicator Overview

The Volume Weighted Moving Average (VWMA) indicator is designed based on trading volume. Its combination with price action improves the accuracy of trend analysis and helps determine optimal entry and exit points.

In MetaTrader 4 the oscillator is displayed in red during a downtrend and in blue during an uptrend . The VWMA oscillator assigns more weight to trades with higher volumes .

Uptrend Conditions

In the 15-minute CAD/JPY price chart time frame, when price (gold line) crosses the volume-weighted moving average (blue line) from bottom to top, it indicates increasing buyer strength.

An upward slope moving average indicates a strong bullish trend and potential buy opportunity .

downtrend conditions

The chart below illustrates the 5-minute timeframe of the AUD/USD currency pair. When a downtrend is established the price (gold line) is below the moving average (red line) .

Additionally, an increase in trading volume while prices fall indicates that sellers are dominating the market, providing a sell signal .

Indicator Settings

The settings for volume weighted moving averages and price indicators are as follows:

• Period: Number of courses
• Price: Price selection
• Volume to use: Applied volume
• Shift: Offset

Conclusion

The volume weighted moving average and price indicator is a multi time frame tool suitable for various markets, especially the forex market .

This Volatility MetaTrader 4 indicator is helpful for both range markets and trending markets. Using moving averages based on price lines and volume provides efficient entry and exit points .