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Moving Average Weighted Indicator | Technical Indicators | BCI Futures

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.

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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.

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