OPEN-SOURCE SCRIPT
[RS]Function Weighted Cumulative Average
variant for cumulative averaging, the weight adapts better to price than sma's.
weight should be a floating value (0.01 - 13.0)
weight should be a floating value (0.01 - 13.0)
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.