Corrected QWMA (Quadratic Weighted Moving Average) [Loxx]

Corrected QWMA (Quadratic Weighted Moving Average ) is the "corrected" version of QWMA. There are other attempts on TradingView to create the QWMA, this is the correct version with weighting applied to the lookback period.

"Correcting" is a process where the value of the average is checked for the significance (how big is it) of change. For that, a standard deviation of a change is used and if the change is "not significant enough", then the change is ignored. Because of this, the average starts to have that "step like" value, but in any case, it should not be mixed with the step average type. The corrected average is different.

The correction period can be used to have different types of calculations:
  • If the "correction" period is set to < 0, then there is no correction made (in that case the value is exactly the same as original qwma)
  • If the "correction" period is set to 0, then the "correction" period is the same as qma period
  • If it is set to any other value, that period is used

Color combinations:
  • Middle: color (and alerts) on slope change
  • Levels: (and alerts) on outer levels cross
  • QWMA: (and alerts) on middle level cross

  • Bar coloring
  • Signals
  • Alerts

Public Telegram Group, t.me/algxtrading_public

VIP Membership Info: www.patreon.com/algxtrading/membership

TradingViewの精神に則り、このスクリプトの作者は、トレーダーが理解し検証できるようにオープンソースで公開しています。作者に敬意を表します!無料で使用することができますが、このコードを投稿で再利用するには、ハウスルールに準拠する必要があります。 お気に入りに登録してチャート上でご利用頂けます。