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Published:

2018.09.27 15:24

WMAO.mq5 (12.16 KB) view

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WMAO (Wilder's Moving Average Oscillator) - an oscillator based on Welles Wilder's Moving Average.

The indicator has three input parameters:

Fast WMA period - fast WMA calculation period;
Slow WMA period - slow WMA calculation period;
WMA applied price - price used for the calculation of both WMAs.

Calculations:

WMAO = FastWMA - SlowWMA

where:

FastWMA = WMA(WMA applied price, Fast WMA period)
SlowWMA = WMA(WMA applied price, Slow WMA period)
WMA = Wilders Moving Average

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21685

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WMAO - indicator for MetaTrader 5