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Category: Oscillator
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Sales and Support: 022 - 4091 8900
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Study Name -
Daily Moving Average
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Description
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This indicator was developed by J. Welles Wilder
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DMA, as the name signifies allows calculating moving average on daily basis and it is the difference between the exponential moving average of short bars and long, average bars
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Interpretation
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Helps in understanding the position of stocks at the End Of Day
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It also indicates whether an instrument is trending or not
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Default Parameters Used/Inputs
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- Close Line
- Short Bars
- Long Bars
- Avg Bars
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Returns/Output
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Daily Moving Average of the stock
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Formula
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For input line value I[X] at X,
Daily Moving Average DMA[X]=EMA((EMA(I[X],1..ShortBars)-EMA(I[X],1..LongBars)),1..AvgBars)
where EMA-> Exponential Moving Average
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Address: 404, Morya Classic,
Off New Link Road ,Oshiwara
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Andheri (W),Mumbai - 400053
Sales and Support: 022 - 4091 8900
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Reliable.co.in
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