Mathematische Semesterberichte

, Volume 58, Issue 1, pp 97–107 | Cite as

Exponential moving average versus moving exponential average

  • Frank Klinker
Mathematik in Forschung und Anwendung


In this note we discuss the mathematical tools to define trend indicators which are used to describe market trends. We explain the relation between averages and moving averages on the one hand and the so called exponential moving average (EMA) on the other hand. We present a lot of examples and give the definition of the most frequently used trend indicator, the MACD.


Average Trend indicator Chart analysis MACD 


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Copyright information

© Springer-Verlag 2010

Authors and Affiliations

  1. 1.Faculty of MathematicsTU Dortmund UniversityDortmundGermany

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