WellesWilderSmoothing(Vector, Periods)

WWS(Vector, Periods)

MA Type Argument ID: WILDER

Overview

The Welles Wilder's Smoothing indicator is similar to an exponential moving average. The indicator does not use the standard exponential moving average formula. Welles Wilder described 1/14 of today's value + 13/14 of yesterday's average as a 14-day exponential moving average.

Interpretation

This indicator is used in the manner that any other moving average would be used.

Example

CLOSE > WWS(CLOSE, 30)

Evaluates to true when the close is greater than a 30-day WWS.

 

 

 

 

 

 

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