Code Library / Moving Average
Pine Script VWMA Strategy
Volume Weighted Moving Average strategy.
Language: Pine Script · Category: Moving Average · Tags: VWMA, volume weighted, Pine Script, strategy, volume
Source code
//@version=5
strategy("VWMA",overlay=true)
v=ta.vwma(close,20); s=ta.sma(close,20)
if ta.crossover(v,s)
strategy.entry("Long",strategy.long)
if ta.crossunder(v,s)
strategy.entry("Short",strategy.short)
plot(v,"VWMA",color.blue,2); plot(s,"SMA",color.gray)How to use this snippet
This is a building block, not a finished trading system. Paste it into your own Pine Script project, compile it, and test it on a demo account with your broker's real spreads before relying on it. You can convert it to MQL4 or MQL5 with the Pine Script converter.