DEMA indicator developed by Patrick Mulloy that first appeared in the February, 1994 Technical Analysis of Stocks & Commodities. It's based on both a single exponential moving average (EMA) and a double EMA. The fomula of it is: |
You can see it on this chart:
As you can see on this chart (DEMA set up 21 and 13) , this indicator are faster and get less fail signals than the other type of moving average. You can compare it with other moving average by yourself.
You can find the indicator by searching my indicator collections.