Modified Generalized DEMA - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
The Double Exponential Moving Average (DEMA) was developed by Patrick Mulloy in an attempt to reduce the amount of lag in traditional moving averages. It was first introduced in the commodity average in Mulloy's article "Smoothing Data through Faster Movements" in the February 1994 issue of Stock Technical Analysis magazine. ”. The calculation method is as follows:
A "generalized" DEMA was further developed by replacing the 2* and 1* parts with a "volume factor", thus adjusting the "speed" of the result.
Generalized DEMA is being used and the "correction" method invented by the PhD is applied. Alexander Uhl generates new "modified" generalized DEMA. It also has floating levels that make it easier to identify trends. The supported shading methods are as follows:
Depending on the color change selection, you can use the color change as a signal.
Attachment download
📎 corr_generalized_dema.mq5 (20.41 KB)
Source: MQL5 #23063
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •
