A weighted moving average of volumes.
It has one input parameter:
- Period – calculation period
Calculation:
total = Sum(volume, Period);EVWMA = ((total-volume)*EVWMA[-1] + volume[period]*close) / total;
Expert Advisors • Indicators • Scripts • Libraries
A weighted moving average of volumes.
It has one input parameter:
Calculation:
total = Sum(volume, Period);EVWMA = ((total-volume)*EVWMA[-1] + volume[period]*close) / total;