Wick Hunter TV Companion Dynamic VEMA v0.5 (beta) — Indicator by honeybadgermakesfunnymoney

vwma

Wick Hunter TV Companion Dynamic VEMA v0.5 (beta)

For triggering trades on Wick Hunter TV Companion

Indicator is similar to the standard VWAP indicator, however - this adds a level of protection against sudden reversals to not counter-trade retracements. This allows you to trade on a low timeframe while still counter-trend trading the overall trend.

Note that VEMA is a volume weighted EMA (i.e. the moving average is weighted by both volume and recency), and is slightly different to VWMA/VWAP. As recent prices are weighted heavier, a longer period should be used if you want a similar trigger to VWMA/VWAP.

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