Volume Weighted Average True Range Indicator

The Volume Weighted ATR indicator is a helpful tool for measuring market activity. It is based on the idea of the Volume-Weighted ATR. Combining these two elements helps identify potential turning points or breakout opportunities.

The indicator for the classification of the activity of the market uses the moving average and its multiples. Accordingly, where the VWATR bar is located (relative to the moving average), it is labelled as ultra-low, low, average, high, very high or ultra high.

The Indicator Can Calculate Moving Averages by Four Methods

By default, there are six zones that can be changed by the user. Depending on which zone corresponds to the Volume Weighted ATR indicator, the histogram bar is colored by the appropriate color.

Main Features

Input Parameters

Output Parameters

Screenshots

Demo Video

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All our products are available in the MQL5 market.