The Square Root Weighted Moving Average is similar to the classic Weighted Moving Average but the difference is that it uses the square root of the weights instead of the classic weight values. Buy if the indicator line is green and sell when it goes red.
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This script computes moving averages which the weighting of the recent quarter takes up about a half weight.
This script also provides their upper bands and lower bands.
You can apply moving average or band strategies with this script.
Moving average is a popular indicator which can eliminate market noise and observe trend.
There are several...