WAverage (Function)

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The WAverage is a weighted moving average of the Price over the Length specified. It is calculated by giving the more current data a heavier weight and the oldest data less weight.

Syntax

WAverage(Price, Length)

Returns (Double)

A numeric value containing the weighted moving average over a specified number of bars.

Parameters

Name	Type	Description
Price	Numeric	Specifies which bar value (price, function, or formula) to use.
Length	Numeric	Sets the number of bars to consider.

Remarks

Just as the Average function needs a Price and Length to calculate, the WAverage function also needs the Price and Length inputs. The Price is the unit you want to average, and the Length is the number of units you are averaging. The WAverage is used in the same way as the average function and can give stronger and earlier indications to trend direction as it follows the most recent data closer.

Example