This Momentum indicator was described in article “Optimizing the Pulse” by Anthony W. Warren in the S & C magazine in April, 1994.
It has nine input parameters:
- First MA period – first MA calculation period
- First MA method – first MA calculation method
- Second MA period – second MA calculation period
- Second MA method – second MA calculation method
- Third MA period – third MA calculation period
- Third MA method – third MA calculation method
- Signal MA period – signal line calculation period
- Signal MA method – signal line calculation method
- Applied price – calculation price
Calculation:
WAMI = MA(MA2, Third MA period, Third MA method) Signal = MA(WAMI, Signal MA period, Signal MA method)
where:
MA2 = MA(MA1, Second MA period, Second MA method) MA1 = MA(Difference, First MA period, First MA method)
where:
Difference = Price - PrevPrice
Similar MetaTrader Trading Tools:
