VWMA
Volume Weighted Moving Average — a moving average weighted by the volume of each period. Volume Weighted Moving Average (VWMA) sums the products of price and volume and divides by the total volume over the period. It is close to VWAP, but applies to an arbitrary data window rather than only the current session. Bars with high volume carry greater weight.
Formula:
VWMA = SUM(Close * Volume, period) / SUM(Volume, period)Parameters
Section titled “Parameters”| Parameter | Type | Default | Range / Values |
|---|---|---|---|
Period | int | 20 | 1-200 |
Triggers
Section titled “Triggers”| Trigger | Direction | Condition | Description |
|---|---|---|---|
| Price crosses the line up | 🟢 Buy | Price crossed the indicator line from below to above. | The closing price crossed the indicator line from below to above. |
| Price crosses the line down | 🔴 Sell | Price crossed the indicator line from above to below. | The closing price crossed an arbitrary indicator line (MA, Supertrend, etc.) from above to below. |
| Price above the line | 🟢 Buy | The closing price is above the indicator line. | The closing price is above the indicator line (MA, Supertrend, etc.). Reflects the current position of price relative to the trend line. |
| Price below the line | 🔴 Sell | The closing price is below the indicator line. | The closing price is below the indicator line. |