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PWMA.mq5 (7.79 KB) view

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Power weighted moving average.

The indicator has three input parameters:

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 Ltd.
Original code: https://www.mql5.com/ru/code/21415

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PWMA - indicator for MetaTrader 5