Weighted

Parabolic Weighted Velocity – indicator MetaTrader 5

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Parabolic Weighted Velocity - indicator for MetaTrader 5
It is less known that what is usually known as Jurik Velocity is actually a difference of Parabolic Weighted Moving Average and Linear Weighted Moving Average. This version extends the original by allowing you to change the “power” of the calculated averages used for velocity calculation. The bigger the Power parameter, the more weight is … Read more

Parabolic Weighted Moving Average – indicator MetaTrader 5

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Parabolic Weighted Moving Average - indicator for MetaTrader 5
Linear Weighted Moving Average calculates the average by assigning different weights to every element it is using in calculation, but does it with simple linear weights. For example, in LWMA(10) first price (current) has the weight 10, previous 9, before that 8, and so on… This is a variation on it and the variation is … Read more

QQE of Parabolic Weighted Velocity – indicator MetaTrader 5

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QQE of Parabolic Weighted Velocity - indicator for MetaTrader 5
QQE (Quantitative Qualitative Estimation) is normally made using RSI (Relative Strength Index) as a “basic” indicator. This version is using Parabolic Weighted Velocity and it can help in determining trend. Adjust the calculating period to your trading style: longer – to trend traders, shorter – for scalping. PS: this is a standalone indicator. It does … Read more

Trend envelopes – parabolic weighted MA – histo – indicator MetaTrader 5

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Trend envelopes - parabolic weighted MA - histo - indicator for MetaTrader 5
Trend Envelopes with an option to chose smoothed/filtered price in calculation instead of using “raw” prices. The usage of filtered prices lessens the number of signals and, depending on your trading style, can be used to filter out undesired signals. To have unfiltered/non-smoothing values, simply set the the smoothing period to less than or equal … Read more

Trend envelopes – parabolic weighted MA – indicator MetaTrader 5

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Trend envelopes - parabolic weighted MA - indicator for MetaTrader 5
Trend Envelopes with an option to choose smoothed/filtered price in calculation instead of using “raw” prices. The usage of filtered prices lessens the number of signals and, depending on your trading style, can be used to filter out undesired signals. To have unfiltered/non-smoothing values, simply set the the smoothing period to less than or equal … Read more

Double weighted moving average – indicator MetaTrader 5

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Double weighted moving average - indicator for 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. That  produces a smoother values than the original LWMA Usage : It can be used the usual way : since the values are … Read more

Volume weighted moving average – indicator MetaTrader 5

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Volume weighted moving average - indicator for MetaTrader 5
Theory: Volume weighted moving average is similar to some other weighted averages, except that it is using the  volumes for weighting the prices. That way the price when the volume (tick volume or real volume) is high is more emphasized than the price where the volume is low. Usage: Chose the volume type which you … Read more

Corrected volume weighted moving average – indicator MetaTrader 5

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Corrected volume weighted moving average - indicator for MetaTrader 5
Theory: Volume weighted moving average is similar to some other weighted averages, except that it is using the  volumes for weighting the prices. That way the price when the volume (tick volume or real volume) is high is more emphasized than the price where the volume is low This version: Chose the volume type which … Read more

Volume weighted awesome oscillator – indicator MetaTrader 5

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Volume weighted awesome oscillator - indicator for MetaTrader 5
Theory: Bill Williams’s Awesome Oscillator Technical Indicator (AO) is a 34-period simple moving average, plotted through the bars midpoints (H+L)/2, which is subtracted from the 5-period simple moving average, built across the bars midpoints (H+L)/2. It shows us quite clearly what’s happening to the market driving force at the present moment. This version: It is … Read more

Range weighted average – indicator MetaTrader 5

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Range weighted average - indicator for MetaTrader 5
Theory : Almost all averages can be made as an average with a generalized formula that could be simply written down as : sum of price*(something) / sum of (something). The usual averages that we have are simple moving average (SMA, where the (something) is always equal to 1), linear weighted moving average (LWMA, where … Read more