Welles Wilders Moving Average

Welles Wilders Moving Average is a moving average variation, which was invented by Welles Wilder.

The current indicator value is calculated by the following formula:

Image 30494

If the previous WWMA value is zero, the SZMA indicator value is calculated for the current one.

The indicator view in the chart.

Image 30492

The indicator has the following parameters:

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Settings

Period - setting of indicator calculation period.

Common

Source - setting of the indicator calculation parameters:

  • Open
  • High
  • Low
  • Close
  • Volume

Drawing

Panel - selection of the indicator location in the chart:

  • New panel
  • Chart

Visualization

Show value - display of the indicator value on the price scale on the left.

Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.

Color - color setting of the indicator.

Visual type - visual setting of the indicator display in the chart:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - setting of the line display style:

  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - setting of the indicator line width.

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