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Weighted Moving Average / Simple Moving Average Oscillator
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=63897
Forum: 38 · Topic 63897 · 1 post(s)
Weighted Moving Average / Simple Moving Average Oscillator
Apprentice · Mon Sep 26, 2016 4:10 am
LUA Original: viewtopic.php?f=17&t=1866
Description:
This oscillator is the classic histogram achieved by the difference of two moving averages, although in this case using the following formula:
Current_Histogram_Bar = (LWMA/SMA)-1;
Based on the LUA indicator found here: viewtopic.php?f=17&t=1866
For illustration purposes the two main chart moving averages were added to the candles as well.