Indicators: DEMA_RLH

 

DEMA_RLH:

A system of three Moving Averages. The indicator draws colored clouds on the basis of three MAs:
  1. EMA1=EMA(Price);
  2. EMA2=EMA(EMA1);
  3. DEMA=2*EMA1-EMA2.

Figure 1. Indicator DEMA_RLH

Author: Nikolay Kositsin