56 Arnaud Legoux Moving Average

The Arnaud Legoux Moving Average (ALMA) is different from other moving averages because of its specific design to use Gaussian distribution that is shifted with a calculated offset in order for the average to be biased towards more recent days, instead of more evenly centered on the window.

Figure 9.3: ALMA

It could be used with the Bias indicator to generate alternative price deviations.