Here is a “super smoothed” version of weighted moving average.
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SSWMA = WeightedAverage[Round(SQRT(10))]((2 * WeightedAverage[5](Close) - WeightedAverage[10](Close))) if SSWMA>SSWMA[1] then color = 1 else color = -1 endif RETURN SSWMA coloured by color as "WAVES" |
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