VWAP plots the average price weighted by volume, which many traders consider a more precise and reliable reference than a traditional moving average based only on closes.
Because it factors in volume, VWAP is a favourite of day traders for confirming trends, reversals, supports, resistances and breakouts around the London and New York opens.
Specifications
- Platform: MetaTrader 4
- Pairs: Major currency pairs
- Time-Frame: M1 – M5 (strict)
- Broker: RoboForex
Key Features
- Volume-weighted fair value
- Great for intraday trading
- Trend & breakout confirmation