When I calculate the EMA manually for a specific day by using
(C-P)*K+P=ema
Where C= close of stock today
K= 2/1+n (n- periods)
P= EMA for previous day
I got the right figure by comparing my output with which I got from my software chart for stock analysis. But, when I run the software on next day to get the today ema I found that the ema for yesterday was changed and it is not the same as what I got on yesterday.
Please explain why is this change?
And what is the simple way to calculate ema by utilizing Excel
Regards,
(C-P)*K+P=ema
Where C= close of stock today
K= 2/1+n (n- periods)
P= EMA for previous day
I got the right figure by comparing my output with which I got from my software chart for stock analysis. But, when I run the software on next day to get the today ema I found that the ema for yesterday was changed and it is not the same as what I got on yesterday.
Please explain why is this change?
And what is the simple way to calculate ema by utilizing Excel
Regards,