Thread: LWMA Crossover Signal – VertexFX Indicator

The LWMA Crossover Signal indicator is based on a fast moving and slow moving Linear Weighted Moving Average indicator.
The concept behind this indicator is that the faster LWMA responds to a trend quicker than the slower LWMA. At the same time, the slower LWMA confirms that the trend is sustainable.
As the name suggests, the signals are generated when the crossover of the two LWMAs occur. When the faster LWMA crosses above the slower LWMA a BUY signal is generated. Likewise, when the fast LWMA crosses below the slower LWMA a SELL signal is generated.

BUY - Enter BUY when a BUY ARROW signal is received at close of candle.
SELL - Enter SELL when a SELL ARROW signal is received at close of candle.