Abbreviation: ExpAvg1(ExpAvg2-ExpAvg3)
Category: Advanced Exponential Moving Average
Input Parameters:
| Name | Range | Default |
| Time Series | Close | |
| ExpAvg1 Periods | Int >= 1 | 5 |
| ExpAvg2 Periods | Int >= 1 | 5 |
| ExpAvg3 Periods | Int >= 1 | 10 |
Calculation:
ExpAvg((ExpAvg(X, n2) – ExpAvg(X, n3)), n1)
where
X = Time Series
n1 = ExpAvg1 Periods
n2 = ExpAvg2 Periods
n3 = ExpAvg3 Periods
ExpAvg represents Exponential Moving Average
Discussion:
This indicator attempts to quantify movements in a time series by calculating the moving average of the difference between two different sized moving averages. This indicator is also known as MACD Signal.