Quadruple Exponential Moving Average

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Quadruple Exponential Moving Average

Postby Alexander.Gettinger » Tue Sep 04, 2012 2:22 pm

Formulas (http://daytradersjournal.com/qema.php):
QEMA=5*MA1-10*MA2+10*MA3-5*MA4+MA5, where
MA1=Moving Average(Price),
MA2=Moving Average(MA1),
MA3=Moving Average(MA2),
MA4=Moving Average(MA3),
MA5=Moving Average(MA4).

QEMA.PNG


Download:
QEMA.lua
(3.78 KiB) Downloaded 678 times


For this indicator must be installed Averages indicator (viewtopic.php?f=17&t=2430).

The indicator was revised and updated
Alexander.Gettinger
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