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:

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

The indicator view in the chart.

The indicator has the following parameters:

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.