MetaTrader 5 MT5 Indicators EVWMA – indicator MetaTrader 5

EVWMA – indicator MetaTrader 5

A weighted moving average of volumes.

It has one input parameter:

  • Period – calculation period

Calculation:

total = Sum(volume, Period);

EVWMA = ((total-volume)*EVWMA[-1] + volume[period]*close) / total;


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