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Weight Volume Move-Adjusted Moving Average
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=66097
Forum: 48 · Topic 66097 · 1 post(s)
Weight Volume Move-Adjusted Moving Average
Alexander.Gettinger · Wed May 02, 2018 3:06 pm
As described in Article by Stephan Bisse from April 2005 issue of S & C Magazine
Formulas: VOMOMA = (MOMA+VOMA)/2, WEVOMO = (MOMA+VOMA+WMA)/3, where MOMA[i] = (Close[i-Length+1]Difference[i-Length+1]+Close[i-Length+2]Difference[i-Length+2]+…+Close[i]Difference[i])/Sum(Difference), VOMA[i] = (Close[i-Length+1]Volume[i-Length+1]+Close[i-Length+2]Volume[i-Length+2]+…+Close[i]Volume[i])/Sum(Volume), WMA[i] = (Close[i-Length+1]1+Close[i-Length+2]2+…+Close[i]Length)/LSum, LSum = (Length+1)Length/2, Difference[i] = Abs(Close[i]-Close[i-1]), Abs - absolute value.
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