Distance Weighted Moving Average

9 102

More exclusive indicators from everget

Subscribe to Trading Toolkit for $5.00/month to get exclusive indicators by this author. You pay right on TradingView and can use them on your charts straight away.

Explore Trading Toolkit
Adopted to Pine from http://systemtradersuccess.com/distance-weighted-moving-averages-dwma-idwma/

They wrote that this average is designed to be a robust version of a moving average to reduce the impact of outliers, but I dont see a significant difference comparing it with SMA. So, I published it for the educational purposes.

To learn more about the robust filters and averages google Hampel Filter, Interquartile Range Filter and Recursive Median Filter (or any other filter that is based on quartiles).

Good luck!

免责声明

这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。