QWMA indicator — the "corrected" version (as described by dr. Andreas Uhl for simple average, but this time applied to qwma).
is a process where the value of the average is checked for the
significance (how big is it) of change. For that a standard deviation of
a change is used and if the change is "not significant enough" then the
change is ignored. because of that the average starts to have that
"step like" value. But in any case, it should not be mixed with the step
average type. The corrected average is different.
The correction period can be used to have different types of calculations :
Also, the coloring is different here :
PS: some experimenting advised. defaults used are roughly used so that they correspond too "trending" usage, but with other settings, different types of usage of this indicator are possible to