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 Moving Mean VWTPO is available for NinjaTrader 8 and the library also features the Moving Mean TPO Moving Mode TPO, Moving Median TPO, Moving Mode VWTPO and the Moving Median VWTPO.