Welles Wilder Moving Average
The Welles Wilder method of calculating moving averages is very similar to a Simple Moving Average. Both calculations provide similar results. Welles designed his formula to be easily computed by hand or with a simple calculator. For the sake of consistency Welles’ Moving Averages are used in all Welles indicator formulas (ADX, ADXR, ATR and Welles’ Volatility).
See also Exponential MA, Least Squares MA, Simple MA, Triangular MA, Weighted MA, Variable MA, Volume Adjusted MA, Zero Lag Exponential MA, DEMA, TEMA and T3.
Formula:
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