WMAO (Wilder’s Moving Average Oscillator) – an oscillator based on Welles Wilder’s Moving Average.
The indicator has three input parameters:
- Fast WMA period – fast WMA calculation period;
- Slow WMA period – slow WMA calculation period;
- WMA applied price – price used for the calculation of both WMAs.
Calculations:
WMAO = FastWMA - SlowWMA
where:
FastWMA = WMA(WMA applied price, Fast WMA period) SlowWMA = WMA(WMA applied price, Slow WMA period) WMA = Wilders Moving Average
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