
- 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
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TEMA.lua
- (1.92 KiB) Downloaded 2766 times
Update November 14