Skip to content
All library documents

Volume-Weighted Moving Average Cloud with Rounded Price Labels

Article MQL5 code base
Read the original

Summary

This indicator visualizes a volume-weighted moving average as a cloud that fills the chart background. The moving average acts as the boundary separating the cloud’s colors, providing a visual reference for price movement around the average. It also displays the latest channel value as a price label.

A user input controls how many decimal digits the channel levels are rounded to. The document explains the indicator’s appearance and configurable rounding, but gives no trading rules, performance evidence, or guidance on choosing a rounding precision. The cloud and label are therefore charting aids; the text does not establish that they predict prices or produce profitable signals.

Key ideas

  • The indicator fills chart space with a colored cloud around a volume-weighted moving average.
  • The moving average serves as the dividing line between cloud colors.
  • The latest value is displayed as a price label.
  • A configurable input sets the number of digits used to round channel levels.

Tags

Technical indicators

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