- It is green when the three volume weighted moving averages (vwma) moving up, red when the opposite and yellow otherwise.
- Editables: You can change the lookback period of the three vwma (9,21,50) in settings.
- Alarms: You can set alarms for when the three volume weighted moving averages moving up and moving down the alarm section.
The Volume-weighted Moving Average (VWMA) emphasizes volume by weighing prices based on the amount of trading activity in a given period of time. Users can set the length. Prices with heavy trading activity get more weight than prices with light trading activity.