HWC - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The channel indicator HWC (Holt-Winters Channel) is based on Haweima - a three-parameter moving average calculated by the Holt-Winters method.
It has six input parameters:
Top = HWMA + Multiplier * StDt Bottom = HWMA - Multiplier * StDt
Where:
HWMA - Holt Winter Moving Average
StDt[i] = Sqrt(Var[i-1]) Var[i] = (1-d) * Var[i-1] + nD * (Price[i-1] - HWMA[i-1]) * (Price[i-1] - HWMA[i-1])
Attachment download
📎 hwc.mq5 (12.15 KB)
Source: MQL5 #20857
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