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LWMA
Summary: The Linearly Weighted Moving Average (LWMA) is a moving average calculation that more heavily weights recent price data. LWMAs are quicker to react to price changes than the simple moving average (SMA) and the exponential moving average (EMA).
LWMA on the Charts
According to Investopedia: The most recent price has the highest weighting, and each prior price has progressively less weight. The weights drop in a linear fashion.
Key Takeaways:
- Use a linearly weighted moving average in the same way as an SMA or EMA.
- Use a LWMA to more clearly define the price trend and reversals, provide trade signals based on crossovers, and indicate areas of potential support or resistance.
- Traders who want a moving average with less lag than an SMA may wish to utilize a LWMA.
Products & Properties
The following properties are available to access:
| Product Name | Product Variable | Properties |
|---|---|---|
| LWMA | lwma | value |
The length of the indicator's moving average can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Loop under "LWMA" Procedure Loop.
Example:
This indicator can be used to enter a trade when the price action rises above the LWMA:
chart.at01hs.candle.close > chart.at01hs.lwma.value Maintainer:
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