Super Smoothed WMA

Category: Indicators By: throwaway200 Created: February 29, 2016, 8:01 PM
February 29, 2016, 8:01 PM
Indicators
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Here is a “super smoothed” version of weighted moving average.

 

SSWMA = WeightedAverage[Round(SQRT(10))]((2 * WeightedAverage[5](Close) - WeightedAverage[10](Close)))

if SSWMA>SSWMA[1] then 
  color = 1
else
  color = -1
endif 

RETURN  SSWMA coloured by color as "WAVES"

 

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Filename: Super-Smoothed-WMA.itf
Downloads: 103
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