This Pine Script code defines a custom indicator for the TradingView platform that combines two widely used moving averages: the Weighted Moving Average (WMA) and the Exponential Moving Average (EMA). The indicator plots both WMA and EMA on the chart, allowing traders to visualize and analyze the trends in the market more effectively. Users can customize the periods and colors of both moving averages through the input settings, making the indicator flexible for various trading strategies. The WMA provides a weighted approach that emphasizes more recent data, while the EMA offers a smoothed curve that reacts faster to price changes.