WMAO - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
WMAO (Wilder Moving Average Oscillator) - A moving average based on Wells Wilder .
The indicator has three input parameters:
WMAO = FastWMA - SlowWMA
Where:
FastWMA = WMA (WMA application price, Fast WMA cycle) SlowWMA = WMA(WMA application price, Slow WMA period) WMA = Wilders Moving Average
Attachment download
📎 wmao.mq5 (12.16 KB)
Source: MQL5 #21685
WMAO - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
WMAO - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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