Double & Triple Exponential Moving Average (DEMA & TEMA)

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Double & Triple Exponential Moving Average (DEMA & TEMA)

Postby Alexander.Gettinger » Tue Jun 19, 2012 5:36 pm

Original indicators: viewtopic.php?f=17&t=1052

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:
DEMA_MQL.PNG


Download DEMA:
DEMA.mq4
(1.62 KiB) Downloaded 1130 times


TEMA:
TEMA_MQL.PNG


Download TEMA:
TEMA.mq4
(1.81 KiB) Downloaded 1117 times
Alexander.Gettinger
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