This is an Tradingview implementation of the Grahams Formula as described in Benjamin Grahams book "The Intelligent Investor".
In theory this can be used to screen for over- and undervalued stocks, however as Graham himself notes, you should look into other fundamentals when using them in conjunction with Grahams formula.
What is EMA ?
Ema is known as exponential moving average, it comes from the class of weighted moving average. It gives more weightage to the recent price changes, thus making it much more relevant to the current market analysis. Also it provides a dynamic way of calculating support and resistances in a trend following setup.
The most common way to mint profit out...