nt8indicator is a software editor dedicated to the trading world, and more specifically to ninjatrader 8.x Our goal is to provide you with efficient, inexpensive and easy to use indicators.Some description...
The Sine Weighted Moving Average (SineWMA) is a type of moving average that uses a sine function as a weighting mechanism for price data. Unlike simple or exponential moving averages, the SineWMA applies weights in a sinusoidal pattern, giving more emphasis to certain data points based on their position in the series. This can make the SineWMA smoother and potentially more responsive to cycles in market data.
This indicator implements the Ultimate Strength Index (USI) indicator, introduced by John Ehlers in his article titled "Ultimate Strength Index (USI)" from the November 2024 edition of TASC's Traders' Tips. The USI is a modified version of Wilder's original Relative Strength Index (RSI) that incorporates Ehlers' UltimateSmoother lowpass filter to produce an output with significantly reduced lag.