The indicator is displayed directly on the main trading chart. We will dive deep into details on how to use and read the indicator. The version that we share here is dedicated for MT4 only and it just consists of three lines: monthly, weekly, and daily. However, many traders much more prefer the VWAP over traditional moving averages as it provides some powerful benefits. The VWAP is simply a very similar tool to the moving average. If you are a beginner trader and the above description doesn’t tell you much – don’t worry, we will explain it further in that article. The VWAP indicator is actually the Volume Weighted Average Price indicator for the forex market and it shows the average true price of a currency pair, weighted by volume.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |