The Squared Weighted Moving Average is similar to the classic Weighted Moving Average but the difference is that it squares the weights instead of the classic weight values. Buy if the indicator line is green and sell when it goes red.
Let me know if you would like to see any more scripts from me or if you want something custom done!
Catatan Rilis
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fixed a typo
Catatan Rilis
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updated to make it consistent with my other indicators
Does this indicator repaint? What is he "allow repainting" option in the settings?
cheatcountry
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@Donut_Trader, it doesn't repaint by default but I am allowing users to choose to enable repainting or not if they want. I changed all of my indicators to have these same settings btw
Trader_Mike_
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@cheatcountry, Ok, thank you again for sharing. Awesome work
cheatcountry
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@Donut_Trader, yw I have a bunch of new indicator scripts that I will be publishing
Trader_Mike_
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@cheatcountry, Awesome! I look forward to trying them out
syracusepro
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You had .5 before, but now 2. Any reasons for those changes? Thanks.
cheatcountry
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@syracusepro, These are two separate indicators that do similar things. The 0.5 gets the square root of the weight and uses that to create a weighted moving average and the other uses 2 because we are squaring the weight and using that to create a different weighted moving average