EUR/LBP - Euro / Media Mobile Ponderata 50 (WMA 50)

A weighted moving average (WMA) is formed by calculating the average price of an instrument over a specific number of periods. Most moving averages are based on closing prices. As its name suggests, a moving average is an average that moves. Old data is wipped out as new data comes available. This causes the average to move along the time scale. There are other popular moving average calculating - exponential moving average (EMA) and simple moving average (SMA). This page presents weighted moving average 50 (WMA50) for EUR/LBP, meaning - there are 50 data points on which the WMA50 is based on. Using this indicator will assist you in trading the EUR/LBP pair.