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Weighted Moving Average (WMA) Indicator

A weighted moving average assigns greater weight to the most recent data.  The weighting is calculated from the sum of periods.  For example, take a 10 period moving average.  For an SMA, the weighting of the current bar would be 10% (1 / 10).  For an EMA, the weight of the current bar would be about 18.18% (2 / [10 + 1]).  For a weighted moving average, the weight of the current bar would be about 18.2% (10 / [(10 * 11) / 2]).

See Also

Weighted Moving Average (WMA) Indicator Developer Help

Simple Moving Average (SMA) Indicator

Triangular Moving Average (WMA) Indicator

Exponential Moving Average (EMA) Indicator

Double Exponential Moving Average (DEMA) Indicator

Triple Exponential Moving Average (TEMA) Indicator