Stochastic Weighted Moving Averages [DW]

This is an experimental study derived from George Lane's Stochastic Oscillator.
The %KWMA is calculated by taking a moving average of source with a %K weighting factor over its specified period.
The %DWMA is calculated by taking a simple moving average of %KWMA over its specified period.

Custom bar color scheme included.

Phát hành các Ghi chú:

Update:

Fixed an issue with bar colors delivering false signals. Updated color scheme highlights coherent and divergent price activity.

Updated color scheme on individual moving averages to reflect average direction.