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Weighted Moving Average (WMA)The mean of prices over a given period with greater weight given to the latest price. For example, with a 3-day WMA of EUR/NZD, today's price might be assigned a factor of 3, yesterday's price a factor of 2, and the day before yesterday's price a factor of 1. This type of weighted moving average is also known as linearly weighted moving average or simple weighted moving average.
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