New Year is coming, I wish community friends a happy New Year!
Now I want to use JMP for stock data statistics, but it is still a novice, find a few stock JMP sample file, did not see the calculation of technical indicators example.
For example, in the calculation of "MACD", I still don't understand the calculation of EMA.
After searching the manual books, the formula (mark 1 in the Image) for EMA in the manual is at the first place, but the formula (mark 2) in the example file does not seem to be this one
Consult to everybody expert, thank!
MACD calculation formula:
DIF : EMA(CLOSE,12) - EMA(CLOSE,26);
DEA : EMA(DIF,6);
MACD : 2*(DIF-DEA);