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Modified Wilders smooting average indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=59622
Forum: 17 · Topic 59622 · 2 post(s)
Modified Wilders smooting average indicator
Alexander.Gettinger · Tue Oct 08, 2013 12:00 pm
The indicator is very similar to the WMA.
Formulas for WMA: WMA[i] = (Price[i] - WMA[i-1])*k + WMA[i-1], where k = 1/Length.
Formulas for Mod. WMA: ModWMA[i] = (MVA(i) - ModWMA[i-1])*k + ModWMA[i-1], where k = 1/Length.
Download:
The indicator was revised and updated
Re: Modified Wilders smooting average indicator
Apprentice · Mon Jun 12, 2017 6:15 am
The indicator was revised and updated.