IDWMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The IDWMA indicator (Inverse Distance Weighted Moving Average) is a moving average that is not sensitive to switching time frames but is more efficient on higher time frames of the chart.
The MA calculation algorithm is such that the indicator line initially "attempts" to move away from the average price value and then to approach the price. The Inverse Distance Weighted Moving Average is smoother than the SMA and similar to the EMA of the same period.
It has two parameters:
Attachment download
📎idwma.mq5 (7.82 KB)
Source: MQL5 #21039
IDWMA - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
IDWMA - 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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