Skip to main content

EMA

Type: ema • Category: indicators

Description​

Calculates Exponential Moving Average based on price list

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
pricestringPrice field to use to calculate EMAno
timeperiodnumberNumber of periods to use for EMA calculationno30
indicatorstringno"EMA"

Help​

EMA (Exponential Moving Average)

Description​

The EMA (Exponential Moving Average) worker is a widely used indicator in financial analysis that calculates the weighted average of an asset's price over a specified period of time. This indicator helps to smooth out price data by giving more importance to recent prices.

What does this worker do?​

The EMA worker takes a list of prices and calculates the Exponential Moving Average based on a specified price field and time period. The result is a smoothed-out price curve that gives more weight to recent prices.

How to interpret the results?​

The EMA indicator can be used to:

  • Identify trends: A rising EMA indicates an uptrend, while a falling EMA indicates a downtrend.
  • Signal buy and sell opportunities: When the price crosses above or below the EMA, it can be a signal to buy or sell.
  • Provide support and resistance levels: The EMA can act as a support or resistance level, depending on the trend.

How to use it​

To use the EMA worker, simply provide the following parameters:

  • dataExp: prices data
  • price: Price field to use to calculate EMA
  • timeperiod: Number of periods to use for EMA calculation
  • indicator: No description

Example usage​

Here is an example of how to use the EMA worker:

Long version​

How to use EMA

Short version​

Short version of how to use EMA

Additional knowledge​

The Exponential Moving Average is a popular indicator among traders and analysts because it:

  • Gives more weight to recent prices, making it more sensitive to recent market movements.
  • Is less affected by outliers and noise in the data.
  • Can be used in combination with other indicators to form a trading strategy.

By using the EMA worker, you can easily incorporate this powerful indicator into your financial analysis and trading strategies.