Like other moving averages weighted moving average also shows average price line but puts more weight on most recent prices and as prices go behind weighted moving average puts less weight on it.
Thank you , i read that. However, i have 1 concern WMA is a actually a method for technical analysis. Why Poloniex have it in stock dataset for each currency. I mean if you pull data for ETH/USD or other currencies , there is a column in dataset called 'Weighted Average' next to columns such as Close,Open,High,Low,Volume...
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BoardBeginners & Help
Re: Weighted Average - (for example) Poloniex data
I am trying to find how poloniex is calculating weighted average price of BTC/USD (for example). How weighted average price is calculated ? What is actually a weighted average price and what represents ?
This is just the meaning of the statistical weighted average. Ok I know this . And Yes i google it, more than you thought. You did not answer my question. More specifically, how poloniex determines weighted average in 5 minutes intervals ( its the minimum displayable interval to client ) ? Show me the mathematical formula for example.
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BoardBeginners & Help
Weighted Average - (for example) Poloniex data
by
thzou
on 25/03/2018, 10:21:13 UTC
Hello all !
I am trying to find how poloniex is calculating weighted average price of BTC/USD (for example). How weighted average price is calculated ? What is actually a weighted average price and what represents ?