13 lines
415 B
Markdown
13 lines
415 B
Markdown
# VWMA
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Volume-Weighted Moving Average (VWMA)
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## Calculation process
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TradingView calculates the Volume-Weighted Moving Average with two Simple Moving Averages (SMAs) [1] . The first SMA multiplies each bar’s data with that bar’s volume. The second SMA is the volume average. Dividing those gives the VWMA.
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```pine
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pine_vwma(source, length) =>
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ta.sma(source * volume, length) / ta.sma(volume, length)
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```
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