Mov Avg Exponential (Indicator)Analysis Techniques & Strategies
Mov Avg Exponential (Indicator)
| Name | Expression | Default | Description |
| Price | Numeric | Close | Value to be used in calculating the exponential moving average. |
| Length | Numeric | 9 | Number of bars to include in the calculation. |
The moving average may be the most widely used indicator. The Mov Avg Exponential indicator calculates and plots an exponentially weighted average of prices, specified by the Price input, from each of the most recent number of bars specified by the Length input. This method of calculating a Moving Average gives greater weight to the market’s most recent price and a reduced weighting to older prices. (A simple moving average gives equal weight to all the prices in the series.) A moving average is generally used for trend identification. Attention is given to the direction in which the average is moving and to the relative position of prices and the moving average. Rising moving average values (direction) and prices above the moving average (position) would indicate an uptrend. Declining moving average values and prices below the moving average would indicate a downtrend.
| Number | Name | Default Color | Description |
| Plot1 | AvgExp | Red | Plots the exponential moving average value. |
When applied to a chart, this indicator displays one plot in the same subgraph as the price data.
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