IDWMA

Inverse Distance Weighted Moving Average (IDWma) – indicator MetaTrader 4

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Inverse Distance Weighted Moving Average (IDWma) - indicator for MetaTrader 4
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 … Read more

IDWMA – indicator MetaTrader 5

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IDWMA - indicator for MetaTrader 5
Indicator IDWMA (Inverse Distance Weighted Moving Average) is a moving average that is not sensitive to switching the timeframe, but more efficient on the higher timframes of the chart. MA calculation algorithm is that the indicator line “tries” to keep away from the average price value initially, followed by approaching to the price. Inverse Distance … Read more