PowMA is a generalized power Moving Average. Allows to calculate much "faster" mean lines than LWMA and to fine-tune line sensitivity to historical data.

Settings

• PERIOD - period used for the calculation;
• POW - index of power;
• APPLIED PRICE - the selected price.

The line has the following properties:

• at POW=0 completely matches the SMA for the same period;
• at POW=1 - matches the LWMA;
• at POW=3 - the line goes to the nearer Bollinger Bands line with a deviation of 1;
• the greater the value of POW, the more sensitive the line to the "new data" and the closer to the price;
• the negative values of POW make the line more sensitive to the historical data and bring it closer to the price of a period before;
• at POW=-3 the line goes to the further Bollinger Bands line with a deviation of 1.

Use the PowMA line instead of SMA or LWMA and adjust the sensitivity of the lines. Use the PowMA with a negative POW instead of shifted Moving Averages.