Moving Averages
figure 11.15 Comparing EMA and SMA Sensitivities on a 1-Min Chart of Silver
Wheaton Corporation.
Courtesy of Stockcharts.comfigure 11.16 VWAP Action on a 10-Min Chart of SPY ETF.
Courtesy of Stockcharts.comSystems. Assume that the previous 14-day Wilder moving average value was
$6.20. Multiply this by 13 and add the most recent closing price. Divide the total
by the number of periods, which in this case is 14. Use this result as the next day’s
moving average value. The sequence of values represents the Wilder’s moving av-
erage. See Figure 11.17.