WAMI

The WAMI was authored by Anthony W. Warren in the Stocks and Commodities Magazine,09/94. The WAMI uses the difference of the current price and the previous price and a couple of moving average methods to conclude its oscillator calculation. The user may change the input (close), methods (WMA,EMA) and period lengths. This indicator’s definition is further expressed in the condensed code given in the calculation below.

How To Trade Using WAMI

The WAMI may be used in conjunction with other studies. No trading signals are calculated for this indicator.

How To Access in MotiveWave

Go to the top menu, choose Study>Oscillaors>WAMI

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.

Important Disclaimer: The information provided on this page is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security. Please see our Risk Disclosure and Performance Disclaimer Statement.

Calculation

//input = price, user defined, default is closing price
//method1 = moving average (ma), user defined, default is WMA
//method2 = moving average (ma), user defined, default is EMA
//period1 = user defined, default is 4
//period2 = user defined, default is 13
//period3 = user defined, default is 13
//prev = previous, index = current bar number

prevP = price[index-1];
diff = price - prevP;
ma1 = ma(method1, index, period1, diff);
ma2 = ma(method2, index, period2, ma1);
Plot: wami = ma(method2, index, period3, ma2);