VWMA — Volume-Weighted Moving Average

What it does

Smooths price into a trend line, but heavy-volume bars pull it more than quiet ones — so it follows where the participation is.

What happens

Recomputed once per candle from its wired source, incrementally (constant work per bar). It emits no value until the warmup period has passed; after that it produces a value every bar.

When to use

A trend line that respects conviction, not just price; confirming moves on volume.

Gotchas

• Needs real volume — on illiquid pairs or zero-volume bars it degrades toward a plain average.