Like other moving averages weighted moving average also shows average price line but puts more weight on most recent prices and as prices go behind weighted moving average puts less weight on it.
Read the Weighted moving average section of this article to understand how WMA is calculated and weighted https://www.thebalance.com/simple-exponential-and-weighted-moving-averages-1031196
Read the Weighted moving average section of this article to understand how WMA is calculated and weighted https://www.thebalance.com/simple-exponential-and-weighted-moving-averages-1031196
Thank you , i read that. However, i have 1 concern WMA is a actually a method for technical analysis. Why Poloniex have it in stock dataset for each currency. I mean if you pull data for ETH/USD or other currencies , there is a column in dataset called 'Weighted Average' next to columns such as Close,Open,High,Low,Volume...