
VWAP Oscillator Indicator
Platform: MT4 Type: Oscillator Last update: September 25, 2024The VWAP Oscillator Indicator is a forex oscillator based on, as the name suggests, the Volume Weighted Average Price indicator. As you can see, it consists of two lines: red and yellow. The indicator provides reliable forex trading signals that are triggered at the crossover of these lines. When the yellow line of the VWAP Oscillator is above the red one, it means the trend is considered bullish. Similarly, when the yellow line of the VWAP Oscillator is below the red one, it means the trend is considered bearish.
Example trade with the VWAP Oscillator Indicator
Below is the screenshot of an example trade with the VWAP Oscillator Indicator.
As you can see, lines of the VWAP Oscillator switched places and the yellow one turned below the red one. Then the price started to drop definitely, which was right suggested by the VWAP indicator.