Double & Triple Exponential Moving Average (DEMA & TEMA)
Posted: Tue Jun 19, 2012 5:36 pmOriginal indicators: viewtopic.php?f=17&t=1052
DEMA:
Download DEMA:
TEMA:
Download 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:
Download DEMA:
DEMA.mq4- (1.62 KiB) Downloaded 1506 times
TEMA:
Download TEMA:
- TEMA.mq4
- (1.81 KiB) Downloaded 1493 times