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Published:
2008.09.06 10:36
Updated:
2014.04.21 14:53
DEMA.mq4 (1.85 KB)view

The indicator is developed in 1994 by Patrick Mulloy. The aim of the development was the reduction of the delay (lag) of the moving average value that is a disadvantage peculiar to the SMA.

During the indicator calculation, the combimation of once and twice smoothed exponential moving avarages gives a less delay than the 12/26-period MACD based of the simple moving averages.

Input Parameters:

extern int PERIOD  =12;

Dema

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