Weighted Cross is a trend following indicator based on the crossover of two linear weighted moving averages. You can chose the period of both the Fast and Slow LWMA. It sends you an alert everytime a crossover happen.
LWMA gives more weight to recent price data compared with the SMA.
LWMA Crossover Signals
- Buy when the Fast LWMA crosses above the Slow LWMA
- Sell when the Fast LWMA crosses below the Slow LWMA
- File: WeightedCross.mq4
- Size: 2 Kb