Wilders Moving Average
Wilders Moving Average (WILD) was authored by Welles Wilder. The WILD factors the price, period and feedback from its former value, to fulfill its final calculation. The user may change the input (close) and period length. This indicator’s definition is further expressed in the condensed code given in the calculation below.
How To Trade Using Wilders Moving Average
The Wilders Moving Average is a trend indicator and may be used in conjunction with other studies. No trading signals are calculated.
How To Access in MotiveWave
Go to the top menu, choose Study>Moving Average>Wilders Moving Average
or go to the top menu, choose Add Study, start typing in this study name until you see it appear in the list, click on the study name, click OK.
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//input = price, user defined, default is close
//period = user defined, default is 22
//prev = previous, def = default value
//sma = simple moving average
//index = current bar number, def = default value
k = 1 / period; def = sma(index, period, input); prevW = ifNull(def, wild[index-1]); //feedback component Plot: wild = price * k + prevW * (1 - k);