OPEN-SOURCE SCRIPT
Volume-Weighted Moving Average (VWMA)
This indicator multiple volume by price to get $ value.
This to me is more valuable than traditional volume on cheaper stocks because a stock that has 10mil volume but is 5 cents is way less significant than a stock with 10 mil volume but is $5. Generally, higher $ volume = better trading opportunity.
This to me is more valuable than traditional volume on cheaper stocks because a stock that has 10mil volume but is 5 cents is way less significant than a stock with 10 mil volume but is $5. Generally, higher $ volume = better trading opportunity.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.