Power Weighted Moving Average MTF

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Power Weighted Moving Average MTF

Postby Apprentice » Sun Mar 26, 2017 5:59 am

eurusd-m15-forex-capital-markets.png

LUA Original: viewtopic.php?f=17&t=6305

Description:

This is the LUA to MT4 version of the PWMA (Power Weighted MA), which uses the following formula:

PWMA = SUM(Price(i)*(i^Power), Period)/SUM(i^Power, Period)

This version includes the MTF scenario, so the trader can follow 3 higher TF PWMA's and also the Up and Down colors for each MA.
PWMA_MTF.mq4
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Apprentice
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