• OMEGA RESEARCH EASYLANGUAGE
This month in Traders’ Tips, we’ll be buffing up your moving
averages using the volume-weighting method presented in
Buff Dormeier’s article in this issue, “Buff Up Your Moving
Averages.” The weighting formula has been created as a
function in EasyLanguage so that it can be referenced from
any analysis technique or strategy. In addition, a simple twoline
volume-weighted average indicator that references the
function has also been included.
The name of the volume-weighted average function is
“BuffAverage.” The function has two inputs, price and length.
The price input represents the price value upon which the
average calculation is based. The length input represents the
number of bars that are used in the calculation of the average.