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Square-Weighted Moving Average Indicator Parameters

Article MQL5 code base

Summary

This brief description introduces an indicator that plots a moving average calculated with the Square Weighted method, abbreviated SqWMA. It identifies two user-controlled inputs: the calculation period and the applied price used as the series for the calculation. These settings determine the lookback span and which price field feeds the average.

The document does not give the weighting formula, explain how the weights differ from those of a simple or other weighted moving average, or provide a trading rule. It includes no chart interpretation, parameter guidance, backtest, or evidence of predictive value. The material therefore establishes the indicator’s purpose and inputs, while leaving its precise calculation and any potential use in a strategy unspecified.

Key ideas

  • The indicator plots a moving average calculated with the Square Weighted method.
  • The calculation period is a configurable input.
  • The applied price setting chooses the price series used in the calculation.
  • The description does not specify the weighting formula or provide performance evidence.

Tags

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