WEVOMO – indicator MetaTrader 5
The indicator displays in the price chart two moving averages: Volume Move-Adjusted Moving Average and Weight Volume Move-Adjusted Moving Average, calculated by the formula: VOMOMA = (MOMA + VOMA)/2 WEVOMO = (MOMA + VOMA + WMA)/3 where: MOMA[i] = (Close[i-Period+1]*Diff[i-Period+1] + Close[i-Period+2]*Diff[i-Period+2] +… + Close[i]*Diff[i])/Sum(Diff) VOMA[i] = (Close[i-Period+1]*Volume[i-Period+1] + Close[i-Period+2]*Volume[i-Period+2] + … + Close[i]*Volume[i])/Sum(Volume) WMA[i] … Read more