The Linear Weighted Moving Average (LWMA) Crossover Signals indicator for MT4 is a trend following indicator based on the crossover of two linear weighted moving averages.
You can fully modify the FastLWMA and SlowLWMA input values.
BUY: Green arrow appears on the chart. Enter long at the open of the next bar.
SELL: Red arrow appears on the chart. Enter short at the open of the next bar.
GBP/USD 1 Hour Chart Example
How to install the Linear Weighted Moving Average Crossover Signals custom indicator in Metatrader 4?
- Download the Linear Weighted MA Signals.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.