The WMA indicator (moving average) 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.
$97.00
The WMA indicator (Weighted Moving Average) is one of many moving averages that attempts to give greater importance to recent prices. To do so, the indicator multiplies each value in the series by a weight, sums the product, and then divides the sum by the total of the weights. In a simple example for a 2 period WMA, current price would be multiplied by 2, price 1 bars ago would be multiplied by 1, and then summed. The sum would then be divided by the sum of the weights (2+1), which would give us our current value for the indicator.
As with all of our moving averages, the WMA 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:
