The New VWAP Indicator MT4 volume indicator for MetaTrader 4, is designed to identify support and resistance levels. The VWAP stands for the volume-weighted average price. It calculates the average price at the weighted volume and draws lines representing daily, weekly, and monthly periods on the main chart.
This Indicator is a practical tool for every trader. An indicator is most accurate on hourly chart trade and may be used to trade various currency pairs with any forex trading system or strategy to confirm price conditions.
Indicator Settings
How to Install New VWAP Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
