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Published:

2008.09.06 10:36

Updated:

2014.04.21 14:53

DEMA.mq4 (1.85 KB) view

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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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Dema - indicator for MetaTrader 4