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EVWMA - indicator for MetaTrader 4

 

Author: Aborigen

Elastic Volume Weighted Moving Average (EVWMA), a natural replacement for the standard moving average.

Differences of the EVWMA
 from the standard МА:

  • 1. The EVWMA does not have an averaging period, instead it uses the volume to determine the period of the average component.
  • 2. The EVWMA considers the information on volume (or time) in a natural and logical manner.
  • 3. The EVWMA can be obtained as an approximation to the statistical estimation, and thus has a mathematical basis.

Download link :EVWMA

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