Difference between EMAModern and EMALegacy?
Author: homsieri
Creation Date: 1/1/2011 8:38 PM
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homsieri

#1
I'm relatively new to wealth lab and wanted to know what is the difference between the EMAmodern and EMAlegacy indicators. Any help would be greatly appreciated.
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Eugene

#2
Welcome to the forums.

Most Wealth-Lab indicators (and all the "Standard" ones such as EMA) are documented. If you have a question on their interpretation or calculation or would like to see an example of their usage, open the Indicators list (Ctrl-F11) in WLP6, highlight the indicator and click "More info".

To quote the EMA online help page:
QUOTE:
Two similar but not equivalent formulas are available for calculating the exponent; Wealth-Lab's original method (from Pring's Technical Analysis Explained), which is selected by passing EMACalculation.Legacy as the calcType parameter.

The rest of the story is available by following the link above.