Higher-Timeframe Volume-Weighted Moving Average Indicator

Summary

This document describes a volume-weighted moving average indicator with a selectable calculation timeframe. The user can choose a chart period through an input parameter; the example default is a four-hour timeframe. This allows the indicator to display a moving average calculated from a timeframe that may differ from the chart being viewed. The text identifies a separate volume-weighted moving-average indicator file as a dependency that must be available in the platform's indicators folder.

The description gives no formula details, chart interpretation rules, trading signals, or empirical results. It therefore explains configuration and installation requirements rather than a complete strategy. It does not state how the indicator handles incomplete higher-timeframe bars or whether its values change before a bar closes, both of which matter when evaluating signals across timeframes. The document offers no guidance on entries, exits, or risk controls, so any trading use would require independent implementation checks and testing.

Key ideas

• The indicator calculates a volume-weighted moving average using a selectable timeframe.
• Its example default timeframe is four hours.
• It can display higher-timeframe calculations while using a chart set to another interval.
• A separate volume-weighted moving-average indicator file is required as a dependency.
• The document supplies no signal rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.