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There are many differences between brokers and yet certain things tend to be the same. Every reference I've seen gives the formula: EMA_today EMA_yest alpha(PRICE_today - EMA_yest) And for comparison Matlab: EMA_today EMA_yest alpha("PRICE period days ago" - EMA_yest) the correct line should read: This is a pretty serious blunder and can really throw off your results as it did in my case.

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