WellesWilderSmoothing
Posted by Mohammad Rahhal, Last modified by Yousef Ibrahim on 03 July 2012 04:46 PM

Syntax

Public Function WellesWilderSmoothing(applyTo As ENUM_APPLIED_PRICE, period As Integer) As String

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.

Parameters

Key Description 
applyTo Value can be one of  ENUM_APPLIED_PRICE
period Period as integer

Return value

Returns the handles of a technical indicator, in case of failure returns an empty string.


See Also


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