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Stittsville123
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CANADA
Joined: Nov 20, 2004
Posts: 1307
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What is the formula?

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What is the formula for the Weighted Moving Average WMA using the bars and offset parameter?

For example:

WMA(10,5,#Bench)

Steve

[Jan 5, 2009 12:21:43 PM]

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Capnpaul
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UNITED STATES
Joined: Dec 14, 2003
Posts: 318
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Re: What is the formula?

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Steve

I think your asking for the formula of the WMA function. A WMA is the summation of the price weighted by its offset position (bars offset) divided by the length ( total bars) .

TradeStations' WMA function follows;
Inputs: Price( numericseries ), Length( numericsimple ) ;
variables: WtdSum( 0 ), CumWt( 0 ) ,Count(0);

WtdSum = 0 ;
for Count = 0 to Length - 1
begin
WtdSum = WtdSum + ( Length - Count) * Price[Count] ; * note: squarebrackets denote the (bar) offset
end ;

CumWt = ( Length + 1 ) * Length * .5 ;
WAverage = WtdSum / CumWt ;

[Jan 5, 2009 3:27:58 PM]

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Stittsville123
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Joined: Nov 20, 2004
Posts: 1307
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Re: What is the formula?

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Thanks Capnpaul!

[Jan 6, 2009 7:20:55 AM]

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