• Auto_VWAP Anchored MT4 Indicator: The Anchored VWAP identifies the true price by taking into account the volume of transactions that take place at a specific price.
• Supported Pairs: Major Currency pairs
• Trading Time: Lond / Newyork market open
• Timeframe: 1 Minute to 5 Minutes Strictly
• Recommended Broker: Robo-Forex MT4 Platform
• How its Applied: As a result, the volume weighted average price was discovered which helps to find the true price based on the number of transactions that take place. This is in a way, a different view of the markets. But at the same time, the volume weighted average price is seen close to the real closing price of the security.

Using volume weighted average price, traders are able to ask questions such as whether the price of the stock close at a high or a low with high or low volume or if the volume was representative of the price of the stock or the security when it hit a new high or a low.

The answer to these questions can only be found with the volume weighted average price. The VWAP is one of the most common way to look at price by day traders. Volume weighted average price is widely used in day trading of stocks.