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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
eVWMA - Elastic Volume Weighted Moving Average for Amibroker (AFL)
Another version of Volume Weighted MA. Use it like any other moving average.
See more here
On screenshot – grey dashed is Simple MA, violet is eVWMA
Screenshots
Similar Indicators / Formulas
Indicator / Formula
/* eVWMA - Elastic Volume Weighted Moving Average */ /* Elastic Volume Weighted Moving Average by Christian B. Fries */ function eVWMA(array, N) { result[0] = array[0]; for (i = 1; i < BarCount; i++) { result[i] = ((N - Volume[i]) * result[i - 1] + Volume[i] * array[i]) / N; } return result; } P = ParamField("Price field", -1); N = Param("Number of shares mult", 1, -100, 100, 0.1, 10); Plot(eVWMA(P, 10^(N / 100) * LastValue(Highest(Volume))), _DEFAULT_NAME(), ParamColor("Color", colorCycle), ParamStyle("Style"));
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