For Example, I've taken 50 days data from NSE for INFY between [30-Oct-17 to 8-Dec-17], The Moving Average is 988.2, considering close price, But, in KITE, under study if Moving Average is inserted for 50 days, close price, Simple moving Average, It is at 1033(09-01-2018), can anyone clarify???
Hi @kishor9329 , We calculated day simple moving average for 50 period from Nse data for INFY [31st-oct-17 to 9-Dec-2017(take current LTP, as close)], it's value is 990.205, and kite is showing 990.20 as simple moving average for 50 period, both are matching.You have to consider close price for day from historical data-Nse for calculating average.You can check calculation sheet at this link.
You are looking at 5 minute period chart , instead you should look for day period chart, as you have calculated average on day's close data(day's close data from Nse) , not on 5 minutes close data.To get 5 minute candle 50 period average, you will have to calculated average on last 50 candle close of 5 minute periodicity. Go through this link, to get underline formula for moving average used on kite chart.
But,
in KITE, under study if Moving Average is inserted for 50 days, close price, Simple moving Average, It is at 1033(09-01-2018), can anyone clarify???
We calculated day simple moving average for 50 period from Nse data for INFY [31st-oct-17 to 9-Dec-2017(take current LTP, as close)], it's value is 990.205, and kite is showing 990.20 as simple moving average for 50 period, both are matching.You have to consider close price for day from historical data-Nse for calculating average.You can check calculation sheet at this link.
@Kailash, @sujith
Can u please take a look at following image if i'm not wrong?
FYI, I've taken close price for calculation