- EMA,DEMA, TEMA
Developed by Patrick Mulloy and introduced in the February 1994 issue of Technical Analysis of Stocks & Commodities magazine, this trend
indicator.
As Mr. Mulloy explains in the article:
"
Moving averages have a detrimental lag time that increases as the
moving average length increases. The solution is a modified version of
exponential smoothing with less lag time."
It's possible to use the Double & TripleExponential
Moving Averages in the same way as the Simple
Moving Average or
Exponential Moving Average.
DEMA = EMA of EMA of Price
TEMA = EMA of EMA of EMA of Price
- DEMA.lua
- (2.14 KiB) Downloaded 2726 times
- TEMA.lua
- (1.92 KiB) Downloaded 2643 times
Update November 14