nj_guy72

Volume Trends (VWMA & VWAP)

Basic indicator for tracking volume trends. Includes blue SMA and pink VWMA ( volume-weighted moving average ), to help gauge the strength of price movement -- is it supported by volume , or is there divergence. Intraday charts also have VWAP ( volume-weighted average price ) as dark purple dots.

Here's a couple of good articles explaining how to use them effectively:
https://www.tradeciety.com/the-vwma-is-t...
https://stockcharts.com/school/doku.php?...
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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