QWMA ca - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
QWMA indicator — a "modified" version (simple average as described by Dr. Andreas Uhl, but this time applied to qwma).
"Correction" is to check how significant (how big) the process variation is from the mean. For this purpose, the standard deviation is used as the change, and if the change is "not significant enough", the change is ignored. Because the average starts with such a "step" value. But in any case, it should not be mixed with steps of average type. The corrected averages are different.
Correction periods can be used to perform different types of calculations:
Also, the colors are different here:
PS: Some experiments are recommended. The default values used are roughly used so that they correspond to too "trending" usage, but with additional settings it is possible to make different types of uses of the indicator
Attachment download
📎 qwma_ca.mq5 (35.58 KB)
Source: MQL5 #17223
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