Indian Stocks Charts
How to calculate Exponential Moving average.?
How to calculate Exponential Moving average. Pls answer me with examples. Otherwise, is there any website providing the online calculation for indian stocks (Charts)
The formula is like this:
EMA for today = (close for today x factor) + (yesterdays EMA x (1-factor))
For an n-day EMA factor equals 2/(n+1)
Example:
yesterdays EMA (10 days) = 98
today Close = 100
factor = 2/11
todays EMA = 100 x 2/11 + 98 x 9/11 = 98.36
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