MA C D using QW M A
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use MA C D using QW 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.
Description & Settings
After some experiments it turned out that qwma can be a kind of a "chameleon". Depending on the "speed" parameter it can be:
Speed equal to 2 is the basic value (or parabolic weighted moving average - whatever name is used).
Speed 1 is equal to linear weighted moving average (LWMA).
Speed 0 is equal to simple moving average (SMA).
And in between and above, for each new speed it is a sort of an no-named (yet) average. So, after all, we have now a completely new "family" of average. The higher the "speed" parameter value, the faster the "qwma". That qwma is used by this macd to calculate a whole new set of possible macd(s) that, since some of the qwma(s) do not have a name at all, also are a complete novelty as a new kind of a macd not existed before.
