> For the complete documentation index, see [llms.txt](https://academy.coinlegs.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://academy.coinlegs.com/fundamentals/moving-average-ma/ema.md).

# EMA

The "EMA" is calculated with more emphasis on the close price closes. In other words, it gives more importance to the last price values ​​than the past price values. EMAs are more sensitive to the latest price changes than SMAs, as they give more importance to recent data than to older data.Due to this feature, it is often preferred by investors. Even if the past price closures are outside the selected period, they keep their multipliers and do not leave the average.​

<figure><img src="/files/IFAdohfm2N7HjPMd3JoT" alt=""><figcaption></figcaption></figure>

P = Closing Price

n = Number of Periods

Multiplier = 2 / (n + 1)

> EMA **=** Closing price **x** multiplier **+** EMA (previous day) **x** (&#x31;**-**&#x6D;ultiplier)