BeST DEMA

4.5

Double Exponential Moving Average (DEMA) is a moving  average (MA) that gives the most weight to recent price data.Like exponential moving average (EMA), it is more reactive to all price fluctuations than a simple moving average (SMA) and so DEMA can help traders to spot reversals sooner, because it is faster responding to any changes in market activity.

DEMA was developed by Patrick Mulloy in an attempt to reduce the amount of lag time found in traditional MAs. (TASC_Feb. 1994).

DEMA can also be used as a component in a lot of indicators like Moving Average Convergence Divergence (MACD) and Triple Exponential Moving Average (TRIX) that are based on MA types and can be modified to use a DEMA instead of other more traditional types of MAs.


Inputs


Basic Settings

  • Select Period for DEMA: It is the number of Bars that we Look Back on the Chart in order to calculate DEMA.
  • Select Price DEMA applied to: It is the price we use in DEMA calculation. By default we use the price of Close. 

Line Settings

  • Select Line Style of Dema Indicator
  • Select Line Width of Dema Indicator
  • Select Line Color of Dema Indicator

 



Reviews 5
Fernando Alonso
1055
Fernando Alonso 2022.04.05 20:31 
 

Very very good !!!!

Bengt Stefan Persson
427
Bengt Stefan Persson 2021.10.02 09:33 
 

Works great. Would love a expert advisor based on this indicator.

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PRO Renko System is a highly accurate trading system specially designed for trading RENKO charts. The ARROWS and Trend Indicators DO NOT REPAINT! The system effectively neutralizes so called market noise giving you access to accurate reversal signals. The indicator is very easy to use and has only one parameter responsible for signal generation. You can easily adapt the tool to any trading instrument of your choice and the size of the renko bar. I am always ready to provide extra support to help
FX Power MT4 NG
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FX Power: Analyze Currency Strength for Smarter Trading Decisions Overview FX Power is your go-to tool for understanding the real strength of currencies and Gold in any market condition. By identifying strong currencies to buy and weak ones to sell, FX Power simplifies trading decisions and uncovers high-probability opportunities. Whether you’re looking to follow trends or anticipate reversals using extreme delta values, this tool adapts seamlessly to your trading style. Don’t just trade—trade
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songtanqiang
23
songtanqiang 2022.06.13 01:54 
 

不错

Fernando Alonso
1055
Fernando Alonso 2022.04.05 20:31 
 

Very very good !!!!

Eleni Koulocheri
33466
Reply from developer Eleni Koulocheri 2022.04.06 00:30
Thanks Fernando!
Hope you use it for a winning trading job.
Bengt Stefan Persson
427
Bengt Stefan Persson 2021.10.02 09:33 
 

Works great. Would love a expert advisor based on this indicator.

Eleni Koulocheri
33466
Reply from developer Eleni Koulocheri 2021.10.02 12:27
Hi Stefan,
Thanks for your kind words.
If you would like a corresponding EA just make a personal job request for me on freelance service and I think that I will make it for you. BeST Regards Eleni
[Deleted] 2019.03.28 06:10 
 

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sunnychow
9048
sunnychow 2019.01.06 16:59 
 

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