A Quantity Weighted Common Worth calculation, accessible with out value for the NinjaTrader 8 platform, represents a key software for merchants. This indicator supplies perception into the typical worth of a safety, weighted by quantity, over a specified interval. For instance, a dealer would possibly use this calculation on a every day chart to know the prevailing worth relative to quantity traded all through that day.
The worth of such an unencumbered software lies in its potential to focus on areas of potential assist and resistance, and to establish the directional bias of the market. Traditionally, merchants have employed this calculation to gauge the effectivity of their trades and to discern institutional shopping for or promoting strain. Its software helps customers perceive whether or not they’re shopping for or promoting at costs above or under the volume-weighted common, thereby informing extra strategic selections.
