Hi, This is WEIGHTED MOVING AVERAGE (WMA) Displaced . How To Trade Using this indicator: This moving average may help a person while locking maximum profit when ever a security is falling or rising very fast. As this is moving along with the candles, very close to them, you can easily see and gauge the momentum of fall or rise... I have taken help from ©...
This indicator displays a table containing the Displaced Moving Averages (DMA) from Current and Higher Timeframes: a green background denotes a Bullish Market in relation to that particular DMA, and a red one denotes a Bearish Market. Only Higher Timeframes states do appear in the table. Lower Timeframes are grayed out, due to inability to get reliable results...
Please visit www.investopedia.com for more information about Displaced Moving Average. You can choose your favorite moving average from the list: "SMA, EMA, WMA, RMA, VWMA, VWAP, Linear or Rank" I have also added 3rd DMA which can be disabled. I urge you to use the Forecast mode. But feel free to find the best that fits your needs. FYI: This is not financial...