1. Implement an exponential moving average (EMA) strategy as an enhanced version of the SMA. EMA is different from SMA in that more weight is given to recent prices relative to older prices. For a period-based EMA, the weighting is calculated based on the specified period of the moving average. For example, a 6-day EMA weighs the most recent price 28.57% (i.e., 2/ (n + 1), where n is the period of the moving average). The formula for EMA is: EMA: = [Price: - EMA+-1] Multiplier + EMA+-1 (1) Table 3 below shows the calculation of 6-day EMA compared to SMA. Please note that the first EMA (E7) is the same as the first SMA (C7). After this EMA is calculated based on Equation (1). Table 3 6-day EMA VS SMA A B D E F 1 Day Price 6-day SMA 6-day EMA 2 1 3 3 2 4 st 4 3 50 5 4 st 4 6 5 7 60 36 3 6 4.17 AVERAGE(B2:B7) 4.17