WMAO (Wilder's Moving Average Oscillator) - an oscillator based on Welles Wilder's Moving Average.
The indicator has three input parameters:
- Fast WMA period - fast WMA calculation period;
- Slow WMA period - slow WMA calculation period;
- WMA applied price - price used for the calculation of both WMAs.
Calculations:
WMAO = FastWMA - SlowWMA
where:
FastWMA = WMA(WMA applied price, Fast WMA period)
SlowWMA = WMA(WMA applied price, Slow WMA period)
WMA = Wilders Moving Average