Add the "Volume Weighted Moving Average" indicator

Hello, could you add "Volume Weighted Moving Average" indicator?

The Volume Weighted Moving Average (VWMA) is a technical analysis indicator used by traders to determine the average price of an asset over a given period of time, taking into account both price and volume. The VWMA is a variation of the Simple Moving Average (SMA) that gives greater weight to periods of higher volume, making it a valuable tool for traders to determine the true average price of an asset over a given period of time.

The Volume Weighted Moving Average (VWMA) study calculates the average weighted price by volume over a period of N bars. The formula is as follows: SUM(vol*price)/SUM(vol). The user may change the input (close), period and shift.

https://www.motivewave.com/studies/volume_weighted_moving_average.htm

https://trendspider.com/learning-center/what-is-the-volume-weighted-moving-average-vwma/#:~:text=The%20Volume%20Weighted%20Moving%20Average%20(VWMA)%20is%20a%20technical%20analysis,account%20both%20price%20and%20volume.


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Upvoters
Status

In review

Board

💡 Feature Request

Date

Almost 2 years ago

Author

ZIYANG FENGWANG

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