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Hello,
I need to calculate EMA, period 7, on (O+H+L+C)/4.
I was searching the forum and found the following article with similar problem 'EMA on EMA on EMA......'
Somebody responded that the standard Moving Average tool can do it and that no coding is required and HLCC/4 price can be used instead OHLC/4.
I am just wondering how those two prices (HLCC/4 vs. OHLC/4) can give me the same results as an input for EMA(7) calculation.
Please explain.
Thanks