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ema

EMA​

Type: ema • Category: indicators

Description​

Calculates the exponential moving average based on a list of prices

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringList of pricesno
timeperiodnumberno30

Help​

EMA

Exponential Moving Average Indicator​

Description​

The EMA worker calculates the exponential moving average based on a list of prices. This indicator is commonly used in financial markets to analyze trends and make informed investment decisions.

What does this worker do?​

This worker takes a list of prices and a time period as input, and returns the exponential moving average of the prices over the specified time period.

How to interpret the results​

The result of the EMA worker is a single value representing the exponential moving average of the input prices. A higher EMA value indicates a stronger upward trend, while a lower EMA value indicates a stronger downward trend. The EMA value can be used to:

  • Identify trends: A rising EMA indicates an upward trend, while a falling EMA indicates a downward trend.
  • Make buy/sell decisions: When the EMA is rising and the current price is above the EMA, it may be a good time to buy. When the EMA is falling and the current price is below the EMA, it may be a good time to sell.

Parameters​

The following parameters are required to configure the EMA worker:

Parameters Schema (JSON)​

{
  "dataExp": {
    "type": "string",
    "description": "List of prices"
  },
  "timeperiod": {
    "type": "number",
    "default": 30
  }
}

Parameters List​

  • dataExp:
    • Type: string
    • Description: List of prices
    • Example: "10.5, 12.3, 11.8, 13.2"
  • timeperiod:
    • Type: number
    • Description: Time period for the EMA calculation
    • Default: 30
    • Example: 20, 50, 100

Usage​

To use the EMA worker, simply provide a list of prices and a time period, and the worker will return the exponential moving average. For example:

  • Input: dataExp = "10.5, 12.3, 11.8, 13.2", timeperiod = 3
  • Output: The EMA value for the specified time period.