Most often, the method for calculation requires not just a comparison of two consecutive daily closing prices, but also a series of daily indicator values calculated by using exponential smoothing. Other than the fact that it has become market convention to perform these mathematical exercises for most widely followed indicators, there seems to exist no other reason to make such daily comparisons or complicated calculations. 5 year subscription to Working Money. Free book selection. Limited time offer.
Offer ends soon.
Inc. All rights reserved. Visit our main Website.