OPEN-SOURCE SCRIPT
Inverse Moving Average Weighted (IWMA)
Description:
The Inverse Weighted Moving Average (IWMA) is a unique technical indicator that puts more emphasis on older price data compared to recent data. Unlike traditional moving averages that give more weight to recent data, the IWMA believes that older data points have a larger psychological impact on traders and therefore should be given more importance.
The IWMA is calculated by assigning weights to the price data points in a moving window, with the oldest data point given the highest weight and the most recent data point given the lowest weight. These weights are then used to calculate a weighted average, which forms the IWMA.
The IWMA can be used in the same way as other moving averages. When the price crosses above the IWMA, it may indicate a potential upward trend, signaling a good time to buy. Conversely, when the price crosses below the IWMA, it may indicate a potential downward trend, signaling a good time to sell.
The IWMA is a unique tool for traders who believe in the lasting impact of older price data. It provides a different perspective on price trends and can be a valuable addition to your trading toolkit.
The Inverse Weighted Moving Average (IWMA) is a unique technical indicator that puts more emphasis on older price data compared to recent data. Unlike traditional moving averages that give more weight to recent data, the IWMA believes that older data points have a larger psychological impact on traders and therefore should be given more importance.
The IWMA is calculated by assigning weights to the price data points in a moving window, with the oldest data point given the highest weight and the most recent data point given the lowest weight. These weights are then used to calculate a weighted average, which forms the IWMA.
The IWMA can be used in the same way as other moving averages. When the price crosses above the IWMA, it may indicate a potential upward trend, signaling a good time to buy. Conversely, when the price crosses below the IWMA, it may indicate a potential downward trend, signaling a good time to sell.
The IWMA is a unique tool for traders who believe in the lasting impact of older price data. It provides a different perspective on price trends and can be a valuable addition to your trading toolkit.
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.