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Using a Higher Timeframe with a Weighted Moving Average Indicator

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Summary

This page describes a higher-timeframe variant of the UltraAbsolutelyNoLagLwma indicator. It adds a timeframe input so the user can select the chart period from which the indicator operates; the provided default is a four-hour period. This lets a trader view the indicator using data from a timeframe different from the chart currently being viewed.

The description gives no formula for the weighted moving average, signal rules, charts beyond a figure reference, or performance evidence. It also requires the base indicator to be installed in the platform’s indicator folder. The excerpt explains the configuration concept, but does not establish whether the indicator reduces lag or produces useful trading results.

Key ideas

  • The indicator allows selection of a timeframe through an input setting.
  • Its stated default timeframe is four hours.
  • The base UltraAbsolutelyNoLagLwma indicator must be installed for this variant to run.
  • The page provides no signal evaluation or performance evidence.

Tags

Technical indicatorsFutures

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