WMA - Weighted Moving Average

Description

The Weighted Moving Average is the most well-known of the weighted averages, and is implemented to identify and quickly react to price changes. Current prices are given higher weighting than older ones. In addition, bad signals in sideways markets are minimized. The WMA smoothes the price changes and makes more efficient trade identification possible.

Further information

http://www.tradesignalonline.com/de/lexicon/view.aspx?id=Moving+Average+Weighted+%28WMA%29

Usage

WMA(int period)
WMA(IDataSeries inSeries, int period)
WMA(int period)[int barsAgo]
WMA(IDataSeries inSeries, int period)[int barsAgo]

Return value

double

When using this method with an index (e.g. WMA(14)[int barsAgo] ), the value of the indicator will be issued for the referenced bar.

Parameters

inSeries Input data series for the indicator

period Number of bars included in the calculations

Visualization

WMA - Weighted Moving Average

Example

//Output for the WMA
Print("The current value of the WMA is " + WMA(14)[0]);