How do I calculate the Exponential Moving Average (EMA)?
An example of an AI chatbot conversation about calculating the Exponential Moving Average (EMA).
How do I calculate the Exponential Moving Average (EMA)?
To calculate the EMA, you need the closing prices and a smoothing factor. Do you have a specific time period in mind?
Yes, I want to calculate the EMA for the last 10 days.
Great! The formula for EMA is: EMA = (Current Price * (α)) + (Previous EMA * (1 - α)), where α = 2 / (N + 1). For 10 days, α would be 0.1818.
How do I get the previous EMA value?
The previous EMA can be calculated using the simple moving average (SMA) of the first N periods. For 10 days, calculate the SMA of the first 10 closing prices.
Got it! Can you help me with an example?
Sure! If your closing prices for the last 10 days are [10, 12, 11, 13, 15, 14, 16, 18, 17, 19], I can walk you through the calculations.
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