The Wilder’s Moving Average indicator can be purchased separately, or is available as part of the Club Membership. To get access to our entire collection of indicators, including any future releases, click here to join the Club.
The Wilder’s Moving Average indicator (Wilder’s Smoothed Moving Average) was developed by Welles Wilder and introduced in his 1978 book, “New Concepts in Technical Trading Systems.” Mr. Wilder did not use the standard EMA formula; instead, the following formula is used: EMA = Input[CurrentBar] * K + EMA[PriorBar] * (1-K), where K = 2 / (N+1). Then to find the Wilder’s Moving Average, the following calculation is performed: Input[CurrentBar] * K + EMA[PriorBar] * (1-K), where K =1/N.
As with all of our moving averages, the Wilder’s Moving Average is built on our Moving Average Framework, which allows users to easily run the indicator on multiple time frames (MTF), including custom bar types. To preview “The Framework” that makes our indicators a necessary part of every traders arsenal, please review the following video: