Technical Analysis of Stock Trends Explained: An Easy-to-Understand System for Successful Trading by Thomsett Michael

Author:Thomsett, Michael [Thomsett, Michael]
Language: eng
Format: mobi, epub
Publisher: Ethan Hathaway
Published: 2013-01-30T05:00:00+00:00

A linear weighted MA is a form of weighting intended to provide more importance to recent data. There are many systems for weighting; the linear approach assumes a weighting factor to be applied to each new entry to the field.

Each value is weighted according to its numerical count within the field. For example, in a field of seven values, the most recent one is multiplied by 7; the second most recent by six; and so on until the oldest is valued at one time. Then the total is divided by the sum of the weighting digits.

Example: a field of seven values is averaged based on the linear averaging formula. From earliest to latest:

1 13.40 x 1 = 13.40

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