LENGTH 14 Number of bars used to calculate the weighted moving average

Description:

The weighted average is calculated by giving the current data more weight than the older data. This allows the average to be more reflective of the most recent data.

Conventional Analysis:

Price above the weighted moving average indicates a bullish trend; price below the moving average indicates a bearish trend.

Additional References:

Kaufman, Perry J. The Commodity Trading Systems & Methods. John Wiley & Sons, Inc. New York. 1978.