Compound Ratio Weighted Average

A moving average with compound ratio weights that reduce the tail weight behind lag, so the line tracks price, trends and swings closely at any length.

CoRa WAve (WAve = Weighted Average) is a moving average where the weights increase in a “logarithmically linear” way, from the oldest data point to the most recent one, the way compound growth works. This significantly reduces the tail weight that contributes to lag in other moving averages, so the line tracks price, trends and swings closely at any length.

RedK CoRa WAve against ALMA, WMA, EMA and SMA lines of the same length.

Full details, settings and examples are in the release notes on TradingView: RedK CoRa WAve (free).