V/V weighted ma - JD

As a third new weighted moving average I present the Volume-Volatility Weighted Moving Average.



The Volume-Volatility Weighted Moving Average (VVwma) calculates the average price over a certain period,
weighted by both volume and volatilty, Big volume doesn't necessarily move price a lot but is very important,
big price moves don't always need big volume but also have a lot of importance!

In this indicator both big volume moves as well as big price moves are factored in to calculate the ma behaviour.

The ma has a tendancy to quickly give an indication of a ranging vs trending market by angle of the ma.
In ranging market it quickly flattens out and could be used to filter out insignificant low volume/volatility moves
compared to regular ma's or the standard volume weighted ma

Another use of it could be as entry/exit signals or
as a means of a trailing stop or a hard exit for a strategy or
as a "baseline" to combine with other signals

feel free to experiment!!!

If you use the VVwma in your scripts or your work, a shoutout would be nice!!

Gr, JD.

#NotTradingAdvice #DYOR