Sine WMA

A Sine Weighted Moving Average takes its weighting from the first half of a Sine wave cycle and accordingly, the most weighting is given to the data in the middle of the data set.

Sine Weighted Moving Average

Indicator Description

Because the Sine Weighted Moving Average ( Sine WMA ) assigns the most weight at the middle of the data set, it is very similar to the Triangular Moving Average (TMA). A post discussing different approaches for assigning weight to moving averages, specifically contrasting the ALMA indicator to the TMA was discussed in our Indicator Spotlight newsletter.

Other Library Indicators

The Sine WMA is used in combination with other tools for technical analysis, such as momentum oscillators, support / resistance and volume indicators. For momentum oscillators, you may review the Awesome Oscillator, Laguerre RSI, Slow RSI or the TDI. The Indicator Spotlight newsletter reviewed the TDI indicator here.

For support / resistance levels, you may have a look Fibonacci retracements (Fibs), such as the Prior Day Fibs / Current Day FibsPrior Week Fibs / Current Week Fibs, the Current Month Fibs / Prior Month Fibs or the Current N Month Fibs / Prior N Month Fibs. Our Indicator Spotlight newsletter previously looked at the Fibonacci Retracement lines.

For volume analysis you may review Better Volume, Force Index or the Relative Volume indicator.

Other that the Sine WMA, our moving average category included the ALMA, Exponential Hull Moving Average, Moving Average Wave or the MA Cross. Additionally, you may want to review our trend analyis and trend filter indicators, such as the ADX, ADXVMA, Directional Movement Index (DMI), Efficiency Ratio, Butterworth Filter, Gaussian Filter, Laguerre Filter and the Supersmoother Filter.

The Sine Weighted Moving Average indicator is available for NinjaTrader 8.