Syntax
Public Function ExponentialMovingAverage(chart_ID As Long,applyTo As ENUM_APPLIED_PRICE,period As Integer) As StringDescription
An Exponential Moving Average is similar to a Simple Moving Average.
An EMA is calculated by applying a small percentage of the current value to the previous value.
An EMA applies more weight to recent values.
A Moving Average is most often used to average values for a smoother representation of the underlying price or indicator.
Parameters
| Key | Description |
| chart_ID | Chart identifier, 0 is the current chart, a value of type Long. |
| applyTo | Applied price, a value of typeENUM_APPLIED_PRICE. |
| period | The calculation period, on which the indicator will be calculated, a value of type Integer. |
Return value
Returns the handles of a technical indicator, in case of failure returns an empty string.
Sample
Public Sub main()AlertMessage (ExponentialMovingAverage(0,PRICE_CLOSE,10))'Draws the indicator on chart and shows an AlertMessage with the indicator name.End SubSee Also