The (ADXwma) calculates the average price over a certain period,
contrary to the well known weighted ma, it is weighted by the value,
the value gives an indication of the "strength" of the market.
In this indicator the is factored in to calculate the ma behaviour, meaning the stronger the market, the more price is factored in,
while price moves with a weak market are not as impactfull.
Feel free to experiment!!!
If you use the ADXwma in your scripts or your work, a shoutout would be nice!!
Gr , JD .
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
A little tip is always nice!
Thanks for the tip, I'll see if I can give that a shot when I find some time.