As originally described by Manfred G. Dürschner. Applies an inverse fisher transform to an aroon oscillator calculated using smoothed price. Smoothing is done via NWMA or "Moving Average 3.0".
Signals are Buy > 0 and Sell < 0
length 1 must be at least twice length 2 (lambda >= 2.0)
PineScript Implementation of Moving Average 3.0 first referenced by Manfred G. Dürschner as New wma or Nwma.
See amazing original paper Moving Averages 3.0 at page 27:
ifta.org
As shown in the picture Nwma is performing better than DEMA, TEMA, EMA, and other common used moving averages such as Hull MA that is prone to overshooting. With NWMA lag is extremely...
![BTCUSD: [CS] NWMA Moving Average 3.0](https://s3.tradingview.com/d/DPo2tdWW_mid.png "[CS] NWMA Moving Average 3.0")
