Moving Mean VWTPO

By using the volume-weighted price data of all bars in the lookback period, we arrive at the moving mean VWTPO of the price volume distribution.

Indicator Description

Whereas a simple moving average (SMA) typically only reference the arithmetic mean of the last N bar closes, this indicator allows you to reference the volume-weighted price data of the entire price range of the bar, i.e. the volume weighted time price opportunities (VWTPO).

The indicator is available for NinjaTrader 8.