Metastock Indicator Formula |
Volume Weighted Moving Average |
| All concepts are same as we apply in simple moving avarage. The quality of this indicator is without using sum function has written by me. |
| Formula: |
x:=Input("Volume weighted moving average",1,1000,3);
x1:=Mod(Cum(1),1)=0;
x2:=ValueWhen(1,x1,V);
x3:=ValueWhen(1,x2<>0,x2);
x4:=ValueWhen(1,x1,(C*V));
x5:=ValueWhen(1,x4<>0,x4);
x6:=Cum(x1*x3);
x7:= Cum(x1*x5);
x8:=x6-ValueWhen(x+1,x1,x6);
x9:=x7-ValueWhen(x+1,x1,x7);
x10:=x9/x8;
x10
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