EVWMA - MetaTrader 5 Script - MQL5 #20334 - MT4/MT5 Resources

Weighted moving average of trading volume.

It has one input parameter:

 Total = Sum(quantity, period);
 EVWMA = ((total trading volume)*EVWMA[-1] + trading volume [period]*closing price) / total;
 Attachment download
 📎evwma.mq5 (12.19 KB)
 Source: MQL5 #20334
EVWMA - MetaTrader 5 Script - MQL5 #20334 Usage and Filtering Advice
 EVWMA - MetaTrader 5 Script - MQL5 #20334 is a resource related to trading scripts. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
 Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.