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Trying to implement wilder smoothing on excel but the value differs from ms value. How does ms compute wilder smoothing? Anyone has a excel for wilder smoothing?
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Rank: Advanced Member
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for X period Wilder's Smoothing:
first value: sum the first X data points and divided by X.
This is the same as the first value of a simple moving average.
All subsequent values of Wilder's Smoothing: MA + (data - MA)/x
where: MA = value of the Wilder's Smoothing on the previous bar data = the current value of the data set being averaged.
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