Modified Wilders smooting average indicator

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Modified Wilders smooting average indicator

Postby Alexander.Gettinger » Tue Oct 08, 2013 12:01 pm

The indicator is very similar to the WMA (viewtopic.php?f=38&t=59621).

Formulas for WMA:
WMA[i] = (Price[i] - WMA[i-1])*k + WMA[i-1], where
k = 1/Length.

Formulas for Mod. WMA:
ModWMA[i] = (MVA(i) - ModWMA[i-1])*k + ModWMA[i-1], where
k = 1/Length.

Mod_WMA_MQL.PNG


Download:
Mod_WMA.mq4
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Alexander.Gettinger
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