WMA( Weighted moving average); as the exponential value also gives weight to later data, but makes this in a more explicit and simpler. When calculating the 5-day weighted moving average, we give the five-fold weight to the current price, the four-fold weight to the yesterday’s price, and the three-fold weight to the price on the day before yesterday, etc. Then the sum of all the products is divided by the added weight sum.

Indicator view on the chart.

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To add and set up this indicator, open the settings window.

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Sourse - setup of the indicator calculation parameters:

  • Open
  • High
  • Low
  • Close
  • Volume

Period - setup of the indicator calculation period. 


Panel – selection of the indicator position on the chart: 

  • New panel.
  • Chart.


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

Scale - if this option is on, the scale is calculated automatically based on the minimum and maximum values of the indicator to fit the latter in the chart.

Color - color setup of the indicator. 

Visual type - visual setup of the indicator display on the chart: 

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

Line style - setup of the line display: 

  • Solide
  • Dash
  • Dash-dot
  • Dash-dot-dot

Width - width setup for the indicator line.

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