The ESMA values represent a smoothed average of Bitcoin prices over the selected timeframe (e.g., last 10 minutes, 20 minutes). This smoothing effect reduces the impact of short-term fluctuations, providing a clearer indication of the underlying price trend.
The ESMA values are calculated using a customized moving average method that expands the lookback period beyond traditional SMA calculations. This provides a tailored perspective on the longer-term price trends of Bitcoin with “reduced noise”.
| ESMA -10m | $67'809.86 |
| ESMA -15m | $68'035.52 |
| ESMA -20m | $68'086.52 |
| ESMA -30m | $67'766.73 |
| ESMA -40m | $67'670.83 |
| ESMA -50m | $67'722.60 |
| ESMA -60m | $67'742.26 |
| ESMA -70m | [display_esma_70] |
| ESMA -80m | [display_esma_80] |
| ESMA -90m | [display_esma_90] |
| ESMA -100m | [display_esma_100] |
| ESMA -110m | [display_esma_110] |
| ESMA -120m | [display_esma_120] |
| ESMA -130m | $67'840.30 |
| ESMA -140m | |
| ESMA -150m | |
| ESMA -160m | |
| ESMA -170m | |
| ESMA -120m | |
| ESMA -120m | |
| ESMA -120m | |
| ESMA x̄ -60m | $67'840.30 |
x
- The shortcode $67'742.26 is designed to display the ESMA (Exponential Simple Moving Average) value that is 60 positions back from the most recent one in your database. In other words, it shows the ESMA value calculated for the batch of rates that were received 60 calculations ago.
- The shortcode $67'988.14 is designed to display the average value of the last 20 ESMA (Exponential Simple Moving Average) calculations. Specifically, this shortcode calculates the average by summing up the 20 most recent ESMA values stored in your database and then dividing by 20 to find the average. The purpose of this shortcode is to provide a broader view of the Bitcoin rate’s moving average over the last 20 calculations. It gives a smoothed-out perspective of Bitcoin’s price movements by averaging these ESMA values, which themselves are based on the averages of sets of Bitcoin rates. This can be particularly useful for identifying trends over a slightly longer period than just the most recent or last few ESMA values. In the context of your plugin setup, where ESMA calculations are based on the last 10 rates received, $67'988.14 would offer insight into the average trend across the 20 most recent ESMA calculations, giving an idea of how the average Bitcoin price has been moving. This can be valuable for financial analysis, trading decisions, or simply for providing website visitors with a snapshot of recent Bitcoin price behavior.