EMA (Exponential Moving Average) indicator is an exponential moving average to be determined by adding a specific share of the current closing price to the previous value of the moving average. When exponential moving averages are used, last closing prices are of more importance.
Indicator view on the chart.
EMA = ((CLOSE (i)-(CLOSE (i-1)) * P EMA [i-1];
CLOSE (i) — the price of the current period closing;
EMA (i-1) — the value of the moving average of the previous period;
P - the period.
To add and set up this indicator , open the settings window.
Sourse– setup of the indicator calculation parameters:
Period-setup of the indicator calculation period.
Panel– selection of the indicator position on the chart:
- New panel.
Show value– display of the indicator value on the left on the price scale.
Scale– if this option is on, the scale is calculated automatically based on the minimum and maximum values of the indicator to fit the latter in the chart.
Color-color setup of the indicator.
Visual type-visual setup of the indicator display on the chart:
- Up arrow
- Down arrow
- Axis label
Line style– setup of the line display:
Width– width setup for the indicator line.
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