Posted by Mohammad Rahhal, Last modified by Rawan Al Hourani on 19 June 2016 10:23 AM


Public Function WeightedMovingAverage(chart_id As Long,applyTo As ENUM_APPLIED_PRICE,period As Integer) As String

A Weighted Moving Average places more weight on recent values and less weight on older values.

A Moving Average is most often used to average values for a smoother representation of the underlying price or indicator.


Key Description 
chart_ID Chart identifier, 0 is the current chart ,value of type Long.
applyTo Applied price, can be one of the  ENUM_APPLIED_PRICE.
period The calculation period, on which the indicator will be calculated, value of type Integer

Return value

Returns the handles of a technical indicator, in case of failure returns an empty string.


Public Sub main()

AlertMessage (WeightedMovingAverage(0,PRICE_CLOSE,14)) 'Draws the indicator on chart and shows an Alert Message with the indicator name.

End Sub

See Also

Back to VTL Client Script Index

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