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MACD with a Speed-Adjustable QWMA Average

Article MQL5 code base
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Summary

This indicator replaces the moving averages in MACD with QWMA, a parameterized average whose speed setting changes its weighting behavior. The document describes speed 0 as equivalent to a simple moving average, speed 1 as equivalent to a linear weighted moving average, and speed 2 as the basic parabolic-weighted form. Other settings create additional variants within the same family.

The indicator retains familiar MACD features, including multi-timeframe use, signal-cross coloring, price selection, and alerts. The author suggests that increasing speed makes the MACD respond faster and may require adjusting its main periods. No performance tests or trading results are provided, so the note explains how the indicator is constructed and configured but does not establish whether its signals improve trading outcomes.

Key ideas

  • QWMA speed settings change the weighting behavior of the average used in MACD.
  • Speed 0 corresponds to a simple moving average, while speed 1 corresponds to a linear weighted moving average.
  • Higher speed settings make the MACD respond faster.
  • The indicator includes multi-timeframe support, signal-cross coloring, price options, and alerts.
  • The document provides configuration guidance but no evidence of trading performance.

Tags

Technical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.