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Hello Adleone,
Well, exponentially smoothed average assigns greaters weights to the
more recent data. It is also a weighted moving average. I was general
in my first message -- not being specific on "exponentially". However,
I see where you come from -- it may be easier for everyone to call
function XAverage exponentially smoothed average.
Here textbook definition out of TS8 EL Dictionary: "The XAverage
function is a weighted moving average of the prices of the last length
bars. This function returns the current value of the exponentially
smoothed moving average."
-- Harrison
adleone wrote:
Harrison wrote:
The function XAverage(Price, Length) only takes two parameters, not
three. It returns the weighted moving average of the PRICEs of the
last LENGTH bars.
You're sure about that? I 've always thought that XAverage returns an
exponential average whereas WAverage returns a weighted moving average.
-- Harrison
www.HarrisonProgramming.com
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