Weighted moving average (WMA)
An average whose weights fall in a straight line from the newest price to the oldest.
Formula
WMA = Σ (weightᵢ × Pᵢ) ÷ Σ weightᵢ, weights N, N−1, …, 1
How to use it
A middle ground between the SMA and the EMA; the base of the Hull moving average.
In Kereon
Charts · Superchart. Default length 20.
Also called: linear weighted, lwma.