The VWAP (Volume-Weighted Average Price) Indicator is a popular tool used by traders to analyze the average price of a security based on both price and volume. In this article, we will explore the VWAP Indicator for MT5 (MetaTrader 5), its features, benefits, and how you can download it for free. Incorporating the VWAP Indicator into your trading strategy can provide valuable insights into market trends, support and resistance levels, and potential trade opportunities.

Understanding VWAP

The Volume-Weighted Average Price (VWAP) is a technical indicator that calculates the average price of a security, taking into consideration both the price and volume traded during a given period. Unlike traditional moving averages, which consider only price data, the VWAP gives more weight to periods with higher trading volume. It is commonly used by institutional traders to evaluate the average entry or exit price of their large trades.

Key Features of the VWAP Indicator for MT5

The VWAP Indicator for MT5 offers several key features that can enhance your trading:

  1. Customizable Period: The indicator allows you to set the period over which the VWAP is calculated. This flexibility enables you to adapt the indicator to different trading styles and timeframes.
  2. Adjustable Colors and Styles: You can customize the colors and styles of the VWAP line and shading to suit your preferences and improve visual clarity on the chart.
  3. Plotting Standard Deviations: In addition to the VWAP line, the indicator can also plot standard deviation bands around the VWAP. These bands provide insights into price volatility and potential support and resistance levels.
  4. Real-Time Updates: The VWAP Indicator in MT5 is designed to provide real-time updates as new price and volume data become available, ensuring you have the most up-to-date information for your trading decisions.

Benefits of the VWAP Indicator for MT5

  1. Identify Market Trends: The VWAP Indicator helps you identify prevailing market trends by analyzing the average price levels based on volume. Traders often consider prices above the VWAP as bullish and prices below the VWAP as bearish.
  2. Support and Resistance Levels: The VWAP can act as dynamic support and resistance levels, where price tends to bounce off or reverse its direction. These levels can be used to plan trade entries, exits, and stop-loss orders.
  3. Confirmation of Breakouts: The VWAP Indicator can be used to confirm breakouts from key levels. A breakout above the VWAP with increasing volume can signal a potential upward continuation, while a breakout below the VWAP with increasing volume may indicate a potential downward continuation.
  4. Trade Entry and Exit Points: Traders often use the VWAP Indicator as a reference point for entering or exiting trades. Buying near or below the VWAP and selling near or above the VWAP can be part of a trading strategy that aims to capture potential price reversals.

Availability and How to Download the VWAP Indicator for MT5

The VWAP Indicator for MT5 is widely available for free download from various online trading communities and platforms. To download and install the indicator, follow these steps:

  1. Search for the VWAP Indicator for MT5 on reputable trading websites or forums.
  2. Locate a reliable source that offers the indicator for free download.
  3. Click on the download link or button to start the download process.
  4. Save the indicator file to your computer or a designated folder.
  5. Launch your MT5 trading platform and go to “File” > “Open Data Folder.”
  6. In the opened folder, locate the “MQL5” directory and open it.
  7. Find the “Indicators” folder and copy the downloaded VWAP Indicator file into it.
  8. Restart your MT5 platform to enable the indicator.

Once installed, you can apply the VWAP Indicator to your charts and customize its settings as per your trading preferences.


The VWAP Indicator for MT5 is a valuable tool for traders seeking to incorporate volume analysis into their trading decisions. By understanding the average price levels based on volume, traders can gain insights into market trends, identify support and resistance levels, and improve their trade entries and exits. Download the VWAP Indicator for MT5 from a trusted source and explore its features to enhance your trading experience and potentially improve your trading outcomes.

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