Calculation of EMA is not matching with the formula I do manually. Can you pls explain how it has been calculated ?
My calculation is based on following method :
(1) Simple avg of N days data for the first Base (B).
(2) Multiplier (M) = 2 / (N + 1) Here N = No. of days for which EMA is calculated.
(3) (Last Price-Base (B))*M+(B) This will give me EMA for current period and this will become Base for tomorrow.