Ultra Absolutely No Lag Lwma
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 Ultra Absolutely No Lag Lwma
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
This indicator is based on indicator and on the analysis of its multiple signal lines. Signal lines calculation algorithm is as follows. Any period value from the multitude of signal lines is calculated using arithmetic progression:
The value of Number variable ranges from zero to StepsTotal. The obtained values of the periods are added to the array of variables and are used at each tick of the indicator to get an array of the indicator's smoothed values. Based on that array, the directions of the current trend are calculated for each smoothing, and the numbers of positive and negative trends are found for the entire array the smoothed AbsolutelyNoLagLwma values.
The final numbers of positive and negative trends are smoothed and used as the indicator lines that form a color histogram displayed using the style class. Trend direction in this indicator is determined by the histogram color, while its power is determined by the histogram width.
To indicate the trend, four colors are used for each of the two trend directions: If the histogram values do not enter the overbought/oversold areas, then the indicator colors are darker, while they become lighter when the overbought/oversold levels are broken through.
Inputs of the indicator are
- simple Moving Average;
- exponential Moving Average;
- smoothed Moving Average;
- linear weighted moving average;
- adaptive averaging JMA;
- ultralinear averaging;
- parabolic smoothing;
- Tillson's multiple exponential smoothing;
- smoothing with the use of Tushar Chande algorithm;
- smoothing using Perry Kaufman's algorithm.
It should be noted that Phase type parameters for different smoothing algorithms have completely different meaning. For JMA it is an external Phase variable changing from -100 to +100. For T3 it is a smoothing ratio multiplied by 100 for better visualization, for the VIDYA it is a CMO oscillator period and for the AMA it is a slow EMA period. In other algorithms these parameters do not affect the averaging. For AMA fast EMA period is a fixed and equal to 2 by default value. The ratio of raising to the power is also equal to 2 for AMA.
The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was described in detail in the article .
Fig 1. Inicator UltraAbsolutelyNoLagLwma
