Vwma indicator
Deepanshusuman opened this issue · comments
There is no indicator like VWMA
The VWMA averages price data with an emphasis on volume, meaning areas with higher volume will have a greater weight.
Indicator:
VWMA = Sum(Price * Volume) / Sum(Volume) for a given Period.
Default period being 20.
Strategy:
VWMA above SMA confirming trending up.
VWMA below SMA confirming trending down.
Release v1.2.24