Distance Weighted Moving Average
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Explore Trading ToolkitAdopted 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!
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!
👨🏻💻 Coding services -> Telegram: @alex_everget
🆓 List of my FREE indicators: bit.ly/2S7EPuN
Claim your $20 bonus just for joining Bybit!
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🆓 List of my FREE indicators: bit.ly/2S7EPuN
Claim your $20 bonus just for joining Bybit!
bybit.com/invite?ref=56ZLQ0Z
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
👨🏻💻 Coding services -> Telegram: @alex_everget
🆓 List of my FREE indicators: bit.ly/2S7EPuN
Claim your $20 bonus just for joining Bybit!
bybit.com/invite?ref=56ZLQ0Z
🆓 List of my FREE indicators: bit.ly/2S7EPuN
Claim your $20 bonus just for joining Bybit!
bybit.com/invite?ref=56ZLQ0Z
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.