Syntax
Public Function WellesWilderSmoothing(chart_ID As Long,applyTo As ENUM_APPLIED_PRICE,period As Integer)As StringDescription
The Welles Wilder’s Smoothing indicator is similar to an exponential moving average.
The indicator does not use the standard exponential moving average formula. Welles Wilder described 1/14 of today’s data + 13/14 of yesterday’s average
as a 14-dayexponential moving average.
Parameters
| Key | Description |
| chart_Id | Chart identifier, 0 is the current chart ,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, 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 (WellesWilderSmoothing(0,price_close,14))'Draws the indicator on chart and shows a message box with the indicator name.End SubSee Also