WMA ‣ MetaTrader Trading Robots

Simple Adviser EMA WMA RSI – EA MetaTrader 4

Simple Adviser EMA WMA RSI - expert for MetaTrader 4

Description: Expert Advisor is fairly simple and with a little practice it can be modified even people not familiar with the programming. An Expert Advisor opens the trade, based on the intersection of MA. Opening is filtered on the indicator RSI. If RSI> 50 – allowed only Buy If RSI <50 – allowed only SellVariables:

Rainbow WMA – indicator MetaTrader 5

Rainbow WMA - indicator for MetaTrader 5

Based on Mel Widner’s Rainbow Average (that is similar to Guppy MMA), this is a sort of generalized version with quite a few extensions. It is a single value indicator (like any other average) that can use calculating depths up to 50. The “depth” refers to recursive way of how rainbow WMA is calculated. While

WMA – indicator MetaTrader 5

The Wilder’s Smoothing Average (WMA) indicator. It has two input parameters: Period – calculation period; Applied price – price used for calculations. Calculations: WMA = (Applied price – PrevWMA) * k + PrevWMA where: k = 1/Period WMA – indicator MetaTrader 5