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Forex Forum → Technical Indicators → VWAP indicator for Strategy Builder?

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Topic: VWAP indicator for Strategy Builder?

Volume weighted average price would be a very useful indicator to use within FSB.
Any way to import MT4 indicators into FSB? or does it need to be coded differently to be used?

Re: VWAP indicator for Strategy Builder?

Yep, it needs to be coded in C#.

I think it is available already, I have to look it up if I remember correctly.

Re: VWAP indicator for Strategy Builder?

Hello Grifter,

The formula for VWAP is  Cumulative Typical Price x Volume / Cumulative Volume.

Please note that Cumulative volume is a tricky thing to deal with. The problem is that it depends on the starting point of the data series, which means that the VWAP indicator will have different current values if you run it on a chart with shorter or longer historical data.

On the other hand, if we skip the Cumulative Volume part and have only  Cumulative Typical Price x Volume, it will work correctly because it will not depend on the history.

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