Category
Multi-Bar Functions
Description
Weighted Moving Average
Syntax
WMA(expr, count)
Parameters
expr - data series formula
count - lookback period
Notes
Either WMA or WAvg can be used as the name of this function.
This type of moving average is calculated by putting the most weight on the most recent bar, fractionally less weight on the next bar, and so on. This link describes how the calculation is done in more detail.
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