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Power Weighted Moving Average MTF
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=64546
Forum: 38 · Topic 64546 · 1 post(s)
Power Weighted Moving Average MTF
Apprentice · Sun Mar 26, 2017 5:59 am
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.