WMA
Weighted Moving Average — a linearly weighted moving average emphasizing recent prices. Weighted Moving Average (WMA) assigns linearly decreasing weights to the data: the most recent value gets weight n, the one before it n-1, and so on. It reacts faster than SMA but slower than EMA. Used in HMA and the Coppock Curve.
Formula:
WMA = SUM(Close[i] * (period - i), period) / SUM(weights)where weights = period, period-1, ..., 1Parameters
Section titled “Parameters”| Parameter | Type | Default | Range / Values |
|---|---|---|---|
Period | int | 20 | 1-200 |
Triggers
Section titled “Triggers”| Trigger | Direction | Condition | Description |
|---|---|---|---|
| Price crosses the line up | 🟢 Buy | Price crossed the indicator line from below to above. | The closing price crossed the indicator line from below to above. |
| Price crosses the line down | 🔴 Sell | Price crossed the indicator line from above to below. | The closing price crossed an arbitrary indicator line (MA, Supertrend, etc.) from above to below. |
| Price above the line | 🟢 Buy | The closing price is above the indicator line. | The closing price is above the indicator line (MA, Supertrend, etc.). Reflects the current position of price relative to the trend line. |
| Price below the line | 🔴 Sell | The closing price is below the indicator line. | The closing price is below the indicator line. |
