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    Default Chapter 11, Part III. Exponential Moving Average.


    Part III. Exponential Moving Average .



    Commander in Pips: To estimate the value of am Exponential Moving Average (EMA) you need to the same three things:

    1. Specify number of trading periods that must be included in calculation;

    2. Specify the price type of period Ė close, high, low or even (High+ Low+ Close)/3. As a rule Close price is used for calculation. Possibilities for using of other prices types will depend on software, because not all software allows you to calculate SMA , say, for (High+ Low+ Close)/3. So, here we will talk about SMA on Close price;

    3. Calculate average value of these numbers using exponential way of averaging.


    Pipruit: And what the way it is?
    Last edited by AsstModerator; 07-18-2011 at 10:11 PM.

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