What is this indicator?
An average that increases each candle's weight linearly, so the newest prices carry more importance. It sits between SMA and EMA in terms of reaction speed.
How to read the chart
When the indicator's main line takes on a clear direction, it usually confirms the market's dominant trend in that same direction; crossovers and changes in slope are the main points of focus.
Practical tip
It's best to use this indicator alongside a momentum indicator so that both trend direction and trend strength can be measured.