Posted by Mohammad Rahhal, Last modified by Diana Alkouni on 14 September 2020 12:37 PM


 Public Function ExponentialMovingAverage(chart_ID As Long,applyTo As ENUM_APPLIED_PRICE,period As Integer) As String


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.


Key Description 
chart_ID Chart identifier, 0 is the current chart, a value of type Long.
applyTo Applied price, a value of type ENUM_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.


Public Sub main()

AlertMessage (ExponentialMovingAverage(0,PRICE_CLOSE,10))

'Draws the indicator on chart and shows an AlertMessage with the indicator name.

End Sub

See Also

Back to VTL Client Script Index

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