Exponential Moving Average (EMA)
Exponential moving average of the chosen source, weighting recent bars more, a common trend and dynamic support / resistance line.
How to read it
- Price above the line suggests an uptrend, below it a downtrend.
- The slope shows trend direction; crosses of price and the line can mark changes.
- Reacts faster than an SMA of the same period.
Key settings
- Period 9, source close.
- Line colour and width.
Good to know
- Drawn on the price pane, over the candles.