How to calculate a volume-weighted moving average
Paste prices oldest-first, one value or row per bar — straight from a spreadsheet or CSV export. Use “Sample data” to try it instantly.
Worked example
- Two bars: close 10 on volume 1, close 20 on volume 3.
- VWMA = (10 × 1 + 20 × 3) ÷ (1 + 3) = 17.5, versus an SMA of 15.
How to interpret a volume-weighted moving average
VWMA above the SMA means heavier volume occurred at higher prices — buyers backing the move. VWMA below the SMA in an uptrend suggests the rally is happening on light volume.