Exponential moving average (EMA) is similar to simple moving average, but doesn’t lag the same way. It weights the data from the most recent bar. I call this a helper function since its used by some many other indicators, but it’s also used as overlay and more.
Simple moving averages are common tools in technical analysis. I call this a helper function because it’s used by so many other indicators. But it can also be used as overlay for price or smoothing other indicators.
This is the first indicator that’s published here.
RSI was developed by J. Welles Wilder and its one of the most common indicators in technical analysis.
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