Double Weighted Moving Average - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource
The double weighted moving average is the LWMA (Linear Weighted Moving Average). Instead of looping through LWMA calculations, the indicator loops 2 times. This produces smoother values than the original LWMA
It can be used in the usual way: since the values are smooth, every change in the slope's color can be considered a potential signal.
Attachment download
📎dwma.mq5 (8.12 KB)
Source: MQL5 #22354
Double-weighted moving average - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Double Weighted Moving Average - 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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