Welles Wilder's Smoothing
Posted by Mohammad Rahhal, Last modified by Yousef Ibrahim on 04 July 2012 01:45 PM
Overview:
The Welles Wilder's Smoothing indicator is similar to an exponential moving average. The indicator does not use the standard exponential moving average formula. Welles Wilder described 1/14 of today's data + 13/14 of yesterday's average as a 14-day exponential moving average.

Interpretation:
This indicator is used in a the manner that any other moving average would be used.

Parameters:
str Source
int Periods

See Also


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