Exponential Moving Average Formula
The exponential moving average formula is a moving average of data that gives more weight to the more recent data in the period and less weight to the older data in the period. This formula produces a moving average that follows the market trend much more quickly than the Weighted Moving Average Formula.
This formula smoothes a data series. This makes analyzing volatile data easier.
Formula Details
Syntax
Chart.DataManipulator.FinancialFormula(
FinancialFormula.ExponentialMovingAverage,
"Period",
"Price",
"EMA")
Parameters
This formula takes one required parameter.
- Period
Period for calculating the exponential moving average.
Input Values
This formula takes one input Y value.
- Price
Price for which the exponential moving average is calculated.
Output Value
This formula outputs one Y value.
- EMA
Exponential moving average.
Remarks
The Line chart type is a convenient chart type to display the formula output.
Example
The following example takes input from Series1's second Y value (Series1:Y2) and outputs a 20-day exponential moving average on Series2's first Y value (Series2:Y).
Chart1.DataManipulator.FinancialFormula (FinancialFormula.ExponentialMovingAverage, "20", "Series1:Y2", "Series2:Y")
Chart1.DataManipulator.FinancialFormula (FinancialFormula.ExponentialMovingAverage, "20", "Series1:Y2", "Series2:Y");
See Also
Reference
Triangular Moving Average Formula
Weighted Moving Average Formula
System.Windows.Forms.DataVisualization.Charting
System.Web.UI.DataVisualization.Charting