ATR using WMA instead of SMA

September 14th, 2022, 11:54 AM

I have been trying unsuccessfully in getting the ATR calculated using WMA in easylanguage/tradestation. Their built in ATR study uses the SMA method, and that's it. No way to change it that I can tell.
Anyone know how to adjust this?

September 14th, 2022, 11:09 PM

Code

{ Weighted Average ATR
Reguested by gurji on 9/14/2022
}
inputs: Len( numericsimple ) ;

_szATR_WMA = WAverage( TrueRange, Len ) ;

Function was named _szATR_WMA.
You may rename it and re-compile.

September 15th, 2022, 12:39 AM

Awesome thanks! Since I have your attention, do you know which function or any way to get it based on the RMA like tradingview uses?

September 15th, 2022, 01:17 AM

Why is WMA better than SMA?

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September 15th, 2022, 01:21 AM

kls06541

Why is WMA better than SMA?

Sent using the NexusFi mobile app

In the strategy I am using, WMA produces better results than SMA.
But after further testing, I found that RMA is even better. So now I am trying to find a function for RMA, but I don't see it there.

ATR using WMA instead of SMA

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ATR using WMA instead of SMA