WMA ( int length);
Default values:
length: 9
Description
Returns Weighted Moving Average value. The Weighted Moving Average is calculated by multiplying each of the previous days' data by a weight factor. That factor is equal to the number of days past the first day. The total is then divided by the sum of the factors.
Input parameters
| Parameter | Default value | Description |
|---|---|---|
| data | - | Defines data for which the average is found. |
| length | 9 | Defines period on which the average value is found. |
Example
plot WMA = WMA(close, 20);
The example displays the weighted moving average for the last 20 closing prices.