Welcome back to our "Back to Basics" series, where we dive deep into trading tools that can elevate your trading game!
The Linear Weighted Moving Average (LWMA) is a fantastic technical indicator that many traders overlook. Unlike traditional moving averages, this one emphasizes recent price action, giving you a clearer picture of market trends. However, it’s important to note that the standard method of calculating LWMA often relies on loops, which can slow things down, especially with longer periods.
But don’t worry! This version of LWMA has been optimized for speed and efficiency, making it perfect for use with iCustom() calls in MetaTrader 5. This means you can integrate it seamlessly into your trading strategies without sacrificing performance.
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