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satishchndra

displaced wma

satishchndra  
Moving Averages displaced displacedmovingaverage moving_average
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movingaverage displaced displacedmovingaverage moving_average
Hi,

This is WEIGHTED MOVING AVERAGE (WMA) Displaced .

How To Trade Using this indicator:

This moving average may help a person while locking maximum profit when ever a security is falling or rising very fast.
As this is moving along with the candles, very close to them, you can easily see and gauge the momentum of fall or rise...


I have taken help from © RedKTrader and credit goes to him for this script.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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