AL W M A
Info
The AL W M A is a Indicator for MetaTrader 5 that asymmetric linear weighted moving average. The indicator has three input parameters: Period - calculation periodMethod - calculation methodRegular Inverse Asymmetric Inverse asymmetric Applied price Four calculation modes:Regular - behaves like an ordinary LWMA.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use AL W M A
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Asymmetric Linear Weighted Moving Average.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Price Channel Indicator - another powerful indicator for MetaTrader 5 traders.
Asymmetric Linear Weighted Moving Average.
The indicator has three input parameters:
Period
Also recommended: Multi-Timeframe Moving Average Indicator (v03) - similar indicator with strong performance on MetaTrader 5.
- calculation periodMethod
- calculation method
Regular
Inverse
Asymmetric
Inverse asymmetric
Applied price
Four calculation modes:
Regular - behaves like an ordinary LWMA. The last period has the greatest weight.
Inverse - the initial period has the greatest weight.
Asymmetric - the period middle has the greatest weight. Initial and final periods have the lowest weights.
Inverse asymmetric - the initial and final periods have the greatest weight. The middle part has the least weight.
Fig. 1. Regular mode
Fig. 2. Inverse mode
Fig. 3. Asymmetric mode
Fig. 4. Inverse Asymmetric mode
You may also like: Multi-Timeframe Relative Strength Index (MTF RSI) Indicator for MT4/MT5 - excellent alternative for indicator users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.