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Re: Moving Average indicators for MT4

Jimmy, Sat Jun 29, 2019 10:02 pm

Continuing on from our archives of files "to post", this is the WEVOMO (Weight + Volume + Move-Adjusted Moving Average) for MT4 which was coded by Mladen.

As explained by Mladen:
In April 2005 issue of TAS&C Stephan Bisse in his article "Weight + Volume + Move-Adjusted

Moving Average: It’s "WEVOMO!" proposed some new ways of calculating moving averages. The new ones included : Movement-adjusted moving average (Moma), a version of Volume-adjusted moving average (Vama), a combination of Moma+Vama and Moma+Vama+Lwma (linear weighted moving average). This one adds Moma+Lwma and Vama+Lwma combination as a logical end to have all the possible combinations covered

All have one thing in common : they are weighted moving averages with different methods of "weighting" each price in the final result calculation.

Of MaTypeparameter :

  • 0 - Moma
  • 1 - Vama
  • 2 - Moma+Vama
  • 3 - Moma+Lwma
  • 4 - Vama+Lwma

anything else - Moma+Vama+Lwma
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