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Weighted Moving Average
WeightedMovingAverage(Vector, Periods)
WMA(Vector, Periods)
MA Type Argument ID: WEIGHTED
Overview
A Weighted Moving Average or WMA places more weight on recent values and less
weight on older values.
Interpretation
A Moving Average is most often used to average values for a smoother
representation of the underlying price or indicator.
Example
set BUY = CLOSE > WMA(CLOSE, 30)
Evaluates to buy when the close is greater than a 30-day WMA.