Indicators: REMA

[Automated-Trading]

REMA:

Regularized EMA by Cris Satchwell.

It has two parameters:

• Period - period;
• Applied price - price used for calculations.

Calculation:

REMA[i] = (REMA[i-1]*(1 + 2*Lambda) + Alpha*(Price[i] - REMA[i-1]) - Lambda*REMA[i-2])/(1 + Lambda)

where

Alpha=2/(Period + 1),
Lambda=0.5.

Author: Scriptor