We're happy to announce that both Super Trend and Volume Weighted Average Price Indicators are now available to use on the web platform and mobile app.
The SuperTrend indicator works on all timeframes and all instrument types. It is the ideal tool to follow market trends, and can be used to calculate potential buy and sell indicators, or stop and limit levels.
The SuperTrend indicator changes colour to indicate a buy or sell signal. If the SuperTrend moves below the closing price, the indicator will change to green, signalling an entry point to buy. If the SuperTrend moves above the closing price, the SuperTrend moves above the closing price, the indicator will change to red, signalling an exit point to sell.
Volume Weighted Average Price
The volume weighted average price is an indicator used to provide the average price at which a market has traded at throughout the day, using both price and volume in the calculation. It can help to give a view on the value of a market and also its trend.
The indicator calculates its values over the period of a day; because of that, it is not available on Daily interval and above. Because the calculation involves High and Low prices, the indicator is not available on Tick interval.
All the best - MongiIG