Wednesday, August 17, 2022
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PWMA MTF

The “Multi Time Frame Power Weighted Moving Average” indicator shows the power-weighted moving average value of different timeframes. data of three PWMAs of different timeframes are displayed on the price chart.

It has six input parameters:

  • Period – calculation period
  • Power
  • Drawing mode – indicator drawing type
    • Steps – as a ladder
    • Slope – sloping lines
  • First PWMA timeframe – the timeframe of the first PWMA
  • Second PWMA timeframe – the timeframe of the second PWMA
  • Third PWMA timeframe – the timeframe of the third PWMA
Fig.1. Multi Time Frame Power Weighted Moving Average; H4, H8 and H12 data on the H1 chart, Drawing mode = Steps
Fig.2. Multi Time Frame Power Weighted Moving Average; H4, H8 and H12 data on the H1 chart, Drawing mode = Slope