move

Function Name: move

Tags: EMA, Moving Averages

Category: Trend

The moving average may be the most widely used indicator. The Exponential Moving Average indicator calculates and plots an exponentially weighted average of prices (Close prices), from each of the most recent number of bars specified by the Period parameter.

The Exponential Moving Average indicator assigns more weight to recent price data, and less weight to prices further back in time. It is more sensitive to price activity than the simple moving average and tends to stick closer to the trend.

A moving average is generally used for trend identification. Attention is given to the direction in which the average is moving and to the relative position of prices and the moving average. Rising moving average values (direction) and prices above the moving average (position) would indicate an uptrend. Declining moving average values and prices below the moving average would indicate a downtrend.

 

Parameters:

period: Number of bars used for calculating the moving average.

shift: Vertical shift of the moving average line, given as percentage.

 

period
	Default Value: 21  |  Minimum: 2  |  Maximum: 9999
	Type: Numeric
shift
	Default Value: 0  |  Minimum: 0  |  Maximum: 100
	Type: Numeric