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You liked the script? Try it in the MetaTrader 5 terminal
Dema - indicator for MetaTrader 4
- Views:
- 22214
- Rating:
- Published:
- 2008.09.06 10:36
- Updated:
- 2014.04.21 14:53
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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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