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The equations for calculating EPMAs are more complicated than the equations for calculating the SMA or EMA. Today's value of an 11-day EPMA can be represented as an 11-element weighted moving average: EPMA 11 = (1/22) (7P 11 +6P 10 +5P 9 +4P 8 +3P 7 +2P 6 +1P 5 +0P 4 -1P 3 -2P 2 -3P 1 ) where P 11 is today's price, P 10 is yesterday's price and so on. |
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