If you’re looking to enhance your trading game, the Absolutely No Lag LWMA x2 Cloud Indicator for MetaTrader 5 is a fantastic tool to consider. This indicator uses two LWMA lines from different timeframes and fills the area between them with a cloud. The color of this cloud indicates the current trend direction, making it easier for traders to spot potential opportunities.
Indicator Input Parameters
//+----------------------------------------------+ //| INDICATOR INPUT PARAMETERS | //+----------------------------------------------+ input ENUM_TIMEFRAMES TimeFrame1=PERIOD_H1;//Chart timeframe input ENUM_TIMEFRAMES TimeFrame2=PERIOD_H4;//Chart timeframe //+----------------------------------------------+ //| INDICATOR INPUT PARAMETERS | //+----------------------------------------------+ input uint Length=7; // smoothing depth input Applied_price_IPC=PRICE_CLOSE_;//Price constant input int Shift=0; // horizontal shift in bars input int PriceShift=0; // vertical shift in points
To make sure the Absolutely No Lag LWMA indicator works correctly, you’ll need to add the AbsolutelyNoLagLwma.ex5 file to your <terminal_data_directory>\MQL5\Indicators folder.
Fig 1. Indicator Absolutely No Lag LWMA x2 Cloud for MetaTrader 5
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