This is a variation of an exponential moving average which follows the price pretty smoothly. Feel free to change the factor to adjust how closely it follows the price. I set the default to 0.2
Let me know if you want me to write code for any other indicators!
@cheatcountry I do think it's a nice script, thanks !
And I have a question : I'm wondering if it could be interesting to add, as an evolution of it, a second Mwdx with an other customizable factor. So we could get, in a single indicator, a ''short length'' and a ''longer length'' mwdx signal.
Did you do some developments about that? And is it possible, as I don't know anything about programming?
I'm very new to trading and maybe my question is irrelevant, please let me know if it's the case (... or not!), I'd appreciate.
I do think it's a nice script, thanks !
And I have a question : I'm wondering if it could be interesting to add, as an evolution of it, a second Mwdx with an other customizable factor. So we could get, in a single indicator, a ''short length'' and a ''longer length'' mwdx signal.
Did you do some developments about that? And is it possible, as I don't know anything about programming?
I'm very new to trading and maybe my question is irrelevant, please let me know if it's the case (... or not!), I'd appreciate.