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Published:
2018.08.23 12:44
PWMA.mq5 (7.79 KB)view

Power weighted moving average.

The indicator has three input parameters:

  • Period - calculation period
  • Power
  • Applied price

Calculation:

PWMA = SUM(Applied price(i) * (i^Power), Period) / SUM(i^Power, Period)

If Power is 1, МА is identical to LWMA


Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/21415

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