QWMA - Quadratic Weighted Moving Average - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
This is the "regular" version of the QWMA (which used to mean "quadratic weighted moving average"). The "secondary" part no longer holds true, but the name remains. The change gave it the ability to calculate arbitrary weights, which is why it's no longer (just) qwma, but since the original idea did come from that, the name remains...
Price groups (22 types) can be explored as well as the usual alert groups (messages, sounds, emails, push notifications - still open or closed bar)
The "speed" parameter of qwma can be experimented with. Common settings:
But since "speed" doesn't have to be an integer, all values in between can use those values and values greater than those, and make it an infinite number of some new average type (the calculation period never changes)
Attachment download
📎qwma.mq5 (30.85 KB)
Source: MQL5 #16913
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