Abbreviation: LinWgtAvg1(LinWgtAvg2-Lag(LinWgtAvg2))
Category: Advanced Linearly Weighted Moving Average
Input Parameters:
| Name | Range | Default |
| Time Series | Close | |
| LinWgtAvg1 Periods | Int >= 1 | 5 |
| LinWgtAvg2 Periods | Int >= 1 | 10 |
| Lag Amount | Int >= 1 | 5 |
Calculation:
LinWgtAvg((LinWgtAvg(X, n2) – Lag(LinWgtAvg(X, n2), L)), n1)
where
X = Time Series
n1 = LinWgtAvg1 Periods
n2 = LinWgtAvg2 Periods
L = Lag Amount
LinWgtAvg represents Linearly Weighted Moving Average
Lag represents Lag
Discussion:
This indicator attempts to quantify movements in a time series by calculating the moving average of the difference between a moving average and the same sized lagged moving average.