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Views:: 4144
Rating:: (17)
Published:: 2018.09.17 16:05

DWMA.mq5 (8.12 KB) view

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Basics :

Double weighted moving average is an LWMA (Linear Weighted Moving Average). Instead of doing one cycle for calculating the LWMA, the indicator is made to cycle the loop 2 times. That produces a smoother values than the original LWMA

Usage :

It can be used the usual way : since the values are smooth, every change of slope color can be treated as a potential signal.

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Double weighted moving average - indicator for MetaTrader 5