Weighted Moving Average (WMA)
Weighted moving average with linear weights, the newest bar counting most, a trend line between an SMA and an EMA in responsiveness.
How to read it
- Price above the line suggests an uptrend, below it a downtrend.
- The slope shows trend direction; crosses of price and the line can mark changes.
- Responds faster than an SMA of the same period.
Key settings
- Period 9, source close, offset 0.
- A positive offset draws the line that many bars to the right.
Good to know
- Drawn on the price pane, over the candles.