Inverse Distance Weighted Moving Average (IDWma) – indicator MetaTrader 4
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This multi-timeframe capable moving average discounts prices far from the average. It is smoother than SMA but follows price similar to an EMA of the same length.
I came across en.wikipedia.org/wiki/Distance-weighted_estimator, thought it might be useful and coded it.
It does have some overshoot and initial lag just like SMA, but converges to nearer to price than the corresponding EMA. The initial lag may be useful in a trailing stop and when the market has reversed direction.
There are four (4) parameters, the first three are the same as the standard moving average
externint MA_Period = 14; // Default Moving Averageexternint MA_Shift  =  0; // Default Moving Averageexternint MA_Price  =  0; // PRICE_CLOSE=0, Open=1, High=2, Low=3, median=4, typical=5, weighter=6externint MA_TF    =  0; // Chart=0, PERIOD_H1...
Weighted WCCI - indicator MetaTrader 4 Author: Luis Guilherme DamianiThe indicator draws the slow and fast ССI and colors bars for determining patterns and trends. Weighted…
