WMA
Moving averagesOverlays priceAn average where the newest day counts most and the weight steps down evenly.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
Like an exponential average it favours recent bars, but the weight only decreases inside the window and is zero outside it, so old values are cut off cleanly at the edge.
Where it misleads
With a short window a single bar can swing it a long way.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Smoothed MA (SMMA)A very smooth average that carries old values along for a long time.
- Hull MA (HMA)A fast average built to cut the lag out of ordinary averages.
- DEMAAn exponential average run twice, with the extra delay subtracted back out.
- TEMAAn exponential average run three times with even more of the lag removed.
- Triangular MA (TRIMA)An average that weighs the middle of the window most — the weights form a triangle.
- Least squares MA (LSMA)The end point of the straight line that best fits the recent bars, recalculated every day.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.