DeskIndicators
WMA
Weighted moving average — recent closes count more, drawn on the price scale.
The WMA (weighted moving average) is a moving average that gives more weight to recent closes than to older ones. It sits on the price scale as one line.
Default length is 20. Colour is automatic unless you pick one in settings.
A rising WMA means recent closes are pulling the line up. Because the latest closes count more, the line reacts faster than an SMA of the same length. Price crossing the line is a common read, not a signal by itself.
Settings: gear on the overlay legend — see Indicators.