cheatcountry

Variable Power Weighted Moving Average

The Variable Power Weighted Moving Average was created by RedKTrader so make sure you follow them! This is a very handy indicator where you can change the weights of the weighted moving average yourself!

For an easy guide here are common values to use to convert this indicator into other indicators:
Power = 0 = Simple Moving Average
Power = 0.5 = Square Root Weighted Moving Average
Power = 1 = Weighted Moving Average
Power = 2 = Squared Weighted Moving Average

Try it out and let me know what you think!

Let me know if you have other ideas for me or if you want something custom done!
Release Notes: updated to make it consistent with my other indicators
Release Notes: fixed issue with default resolution
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.

Want to use this script on a chart?