Double weighted moving average is an LWMA (Linear Weighted Moving Average). Instead of doing one cycle for calculating the LWMA, the indicator is made to cycle the loop 2 times. That produces a smoother values than the original LWMA
It can be used the usual way : since the values are smooth, every change of slope color can be treated as a potential signal.
MT5 Indicators – Download Instructions
Double Weighted Moving Average MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Double Weighted Moving Average MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
Recommended Forex Metatrader 5 Trading Platform
- Free $30 To Start Trading Instantly
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Awards Winning Trading Broker
How to install Double Weighted Moving Average MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download Double Weighted Moving Average MT5 Indicator.mq5
- Copy Double Weighted Moving Average MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Double Weighted Moving Average MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Double Weighted Moving Average MT5 Indicator.mq4 is available on your Chart
How to remove Double Weighted Moving Average MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Double Weighted Moving Average MT5 Indicator (Free Download)
Click here below to download: