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DEMA - Double Exponential Moving Average

Description

The Double Exponential Moving Average is a technical indicator created by Patrick Mulloy. The calculation hereof is done using a simple as well as a double exponential moving average.

Interpretation

The DEMA is a fast-working moving average that reacts quicker to market changes. The DEMA may be used as a stand-alone indicator or in tandem with other indicators. The general interpretations are the same as for regular moving averages.

Usage

DEMA(int period)
DEMA(IDataSeries inSeries, int period)
DEMA(int period)[int barsAgo]
DEMA(IDataSeries inSeries, int period)[int barsAgo]

Return value

double
When using this method with an index (e.g. DEMA(20)[int barsAgo] ), the value of the indicator will be issued for the referenced bar.

Parameters

inSeries Input data series for the indicator
period Number of bars included in the calculations

Visualization

DEMA - Double Exponential Moving Average

Calculation

Value.Set(2 * EMA(InSeries[0], Period)[0] - EMA(EMA(InSeries[0], Period), Period)[0]);

Example

//Output the values for the DEMA
Print("The current DEMA value is " + DEMA(20)[0]);
Last modified 1yr ago