Volume Weighted Average True Range Indicator

PipTick Volume Weighted Average True Range Indicator is a helpful tool for measuring of activity of the market. It is based on the idea of the Volume-Weighted ATR. The combination of these two elements helps to 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 labeled as ultra-low, low, average, high, very high, or ultra-high. 

The Indicator Can Calculate Moving Averages by Four Methods

By default, six zones can be changed by the user. Depending on which zone corresponds to the VWATR, the bar of the histogram is colored by the appropriate color. PipTick VWATR indicator is rendered as a histogram.

Main Features

Input Parameters

Output Parameters


Demo Video


Free Download

All our products are available in the MQL5 market.