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WMA

Type: wma • Category: indicators

Description​

Calculates the weighted moving average based on a list of prices

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringList of pricesno
timeperiodnumberno30

Help​

WMA

Weighted Moving Average Indicator​

Description​

The WMA (Weighted Moving Average) indicator is a financial market indicator that calculates the weighted moving average of a list of prices. It gives more importance to recent prices, making it a useful tool for analyzing trends and making informed investment decisions.

What does this worker do?​

This worker takes a list of prices and a time period as input, and calculates the weighted moving average based on these parameters. The weighted moving average is a type of moving average that assigns more weight to recent prices, providing a more accurate representation of the current market trend.

How to interpret the results​

The result of the WMA worker is a single value representing the weighted moving average of the input prices. A higher WMA value indicates a stronger upward trend, while a lower WMA value indicates a stronger downward trend. By comparing the WMA value to the actual prices, traders and investors can gain insights into the market's momentum and make more informed decisions.

Parameters​

The following parameters are required to configure the WMA worker:

Parameters Schema (JSON)​

{
  "dataExp": {
    "type": "string",
    "description": "List of prices"
  },
  "timeperiod": {
    "type": "number",
    "default": 30
  }
}

Parameters List​

  • dataExp:
    • Type: string
    • Description: List of prices
  • timeperiod:
    • Type: number
    • Description: The time period for the weighted moving average calculation
    • Default: 30

By adjusting the timeperiod parameter, you can change the sensitivity of the WMA indicator to recent prices. A shorter time period will give more weight to recent prices, while a longer time period will give more weight to historical prices.