Double weighted moving average – indicator MetaTrader 5

Basics :

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. ThatΒ  produces a smoother values than the original LWMA

Usage :

It can be used the usual way : since the values are smooth, every change of slope color can be treated as a potential signal.

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