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Apply Exponential Moving Average Indicator

The exponential moving average gives more weight to the latest prices and includes all of the price data in the life of the instrument. It is defined by taking:

(previous period's exponential moving average)/(N+1) and adding (current price)*2/(N+1).

For the first period we take the simple average as above.

To apply a Exponential Moving Average

1. From within a chart, from the Edit menu select Studies.
2. Choose Exponential Moving Avg and Add the study.
3. Complete parameters as necessary.

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