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.
To add and set up this indicator, open the settings window.
Sourse - setup of the indicator calculation parameters:
Period - setup of the indicator calculation period.
Panel – selection of the indicator position on the chart:
- New panel.
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:
- Up arrow
- Down arrow
- Axis label
Line style - setup of the line display:
Width - width setup for the indicator line.
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