Moving volume weighted average price (MVWAP) thinkscript


New member
Can someone please share the thinkscript to create a moving volume weighted average price (MVWAP) indicator? Thanks

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Thanks for your reply but I thought the VWMA (volume weighted moving average) was different from the MVWAP (moving volume weighted average price) in that vwma is a moving average that takes volume into account where as mvwap is a moving average based on the end of day vwap values. I tried to do a search for MVWAP but couldn't find any results.

Here is a link that talks about the mvwap indicator I'm referring to-
Is there a way to turn this into a multi-timeframe indicator, so that I can look at the daily values plotted onto any intraday charts without changing the values? for example I found this thinkscript that allows me to plot the values from a daily simple moving average onto any intraday charts without changing the values.

input Period =;
input AvgType = averageType.SIMPLE;
input Length = 9;
input priceclose = close;

plot AVG = MovingAverage(AvgType, close(period = Period), Length);
AVG.setdefaultcolor(color.white);plot Data = close;

I tried copying and altering some of this script onto the MVWAP script but I'm still new and couldn't find a way to get it to work. Thank you
@jordan Normally, you would be on the right track and kudos for figuring out the logic. But MVWAP is a custom definition. Multi-timeframe logic can only constructed on built-in TOS definitions. So we would need to perform the MTF calculation on the underlying VWAP definition. But we can't do that in this case because the VWAP is already defined by time. It is limited to (Daily Weekly Monthly).
I did change the logic on the MVWAP so that you can choose (daily, weekly, or monthly) but those are the only choices available.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
356 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.