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Published:

2 January 2019, 14:27

PWMA_MTF.mq5 (23.89 KB) view

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The "Multi Time Frame Power Weighted Moving Average" indicator shows the power-weighted moving average value of different timeframes. data of three PWMAs of different timeframes are displayed on the price chart.

It has six input parameters:

Period - calculation period
Power
Drawing mode - indicator drawing type

Steps - as a ladder
Slope - sloping lines

First PWMA timeframe - the timeframe of the first PWMA
Second PWMA timeframe - the timeframe of the second PWMA
Third PWMA timeframe - the timeframe of the third PWMA

Fig.1. Multi Time Frame Power Weighted Moving Average; H4, H8 and H12 data on the H1 chart, Drawing mode = Steps

Fig.2. Multi Time Frame Power Weighted Moving Average; H4, H8 and H12 data on the H1 chart, Drawing mode = Slope

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23328

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