Understanding 14 Types of Moving Averages for MetaTrader 5

Mike 2024.01.31 20:19 27 0 0
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If you're looking to enhance your trading strategy, check out the MT4 version here.

This indicator is a powerful tool that calculates 14 different types of moving averages based on the closing price. Whether you're a rookie or a seasoned trader, understanding these moving averages can give you a solid edge in the market.

Here's a quick rundown of the moving averages included:

  • SMA - Simple Moving Average
  • EMA - Exponential Moving Average
  • WMA - Weighted Moving Average
  • VWMA - Volume Weighted Moving Average
  • RMA - Running Moving Average
  • DEMA - Double Exponential Moving Average
  • TEMA - Triple Exponential Moving Average
  • ZLEMA - Zero Lag Exponential Moving Average
  • HMA - Hull Moving Average
  • ALMA - Arnaud Legoux Moving Average
  • LSMA - Least Squares Moving Average
  • SWMA - Smoothed Weighted Moving Average
  • SMMA - Smoothed Moving Average
  • DONCHIAN - Donchian Channel

Moving Averages Screen

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