Indicator - MWD Xaverage
Function - MWDXaverage
Category: Indicator > Average
Description: Plots MWD XAverage indicator. MWD Xaverage is a kind of an exponential moving average indicator. It is caluculated according to formula:
The most popular method of interpreting a moving average is to compare the relationship between a moving average of the security's price with the security's price itself (or between several moving averages).
Price - the data series to average
Fac - variable, used in MWDXaverage function calculation
INPUTS: PRICE(CLOSE), FAC(.2);