Can anybody explain a "corrected moving average" to me? I've seen some indicator code for it, but don't understand how it's constructed.
GM
GM
Quote from austinp:
jthma is a smoothed, weighted MA tool. I've used it in the past with positive results, it has merit but no different than simple or exponential values.
Not part of my personal trading approach, but I know traders who use it alone or in conjunction with other filters effectively.