heispark wrote: Fri May 23, 2025 12:57 am Thank you very much Mrtools. I find this indicator is exceptionally useful. Do we have MT5 version as well?

Thanks

eVWMA (Elastic Volume Weighted Moving Average) with ATR Bands for MT5

Converted it, not sure 100% exactly how I did the bands, but this is the standard atr type bands. It also has filtering options.

What is the eVWMA?

The Elastic Volume Weighted Moving Average (eVWMA) is a refined version of the VWMA, designed to dynamically respond to variations in trading volume. In contrast to the conventional VWMA, which computes values based on a predetermined timeframe, the eVWMA modifies itself in accordance with the volume changes occurring in the market.

Below is Linnsoft's comparison of the eVWMA versus other advanced Moving Averages on a Nasdaq tracking stock chart: PS: The MT4 version can be found here: Elastic Volume Weighted Moving Average (with bands) for MT4.