Syntax
Public Function WeightedMovingAverage(chart_id As Long,applyTo As ENUM_APPLIED_PRICE,period As Integer) As StringDescription
A Weighted Moving Average places more weight on recent values and less weight on older values.
A Moving Average is most often used to average values for a smoother representation of the underlying price or indicator.
Parameters
| Key | Description |
| chart_ID | Chart identifier, 0 is the current chart, a value of type Long. |
| applyTo | Applied price, can be one of the ENUM_APPLIED_PRICE. |
| period | The calculation period, on which the indicator will be calculated, a value of type Integer |
Return value
Returns the handles of a technical indicator, in case of failure returns an empty string.
Sample
Public Sub main()AlertMessage (WeightedMovingAverage(0,PRICE_CLOSE,14)) 'Draws the indicator on the chart and shows an Alert Message with the indicator name.End SubSee Also