In associate with other indicators, there is a possibility to determinate the critical points and the VWAP after this region. In the image above has appeared a red bar in Volume Activity indicator that means the high probability that an institutional player started his position here. So, you can put the VWAP at this moment and follow the volume average weighted price by volume.
See below that VWAP behave as support or resistance region. These regions are the defence's points where the institutional players are defending their positions.
- The Calculate Mode: You can choose to calculate in price Close, Low and High.
- Specify the date where the indicator calculation must be started. This date is set by Day, Month, Year, Hour and Minutes.
- You can see the date using the mouse cursor on chart area in cTrader.
Best Use of this Indicator
This indicator complements the trading strategy used by this vendor using the DI Volume Activity and Weis Wave Volume Collection of indicators for the perfect trade setup.
Tracking big players is at the very foundation of these indicators, If we can consistently reveal where the Big players are entering and the direction they are trading, then we have all the information we need to make a profitable trading decision and the Volume Activity and Weis Wave Volume indicators will help you do that.
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How To Install
First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.
Join Telegram Community
You can join a Telegram community and chat with other traders to discuss, share and ask for help.