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Double Exponential Moving Average (DEMA)

Description

The Double Exponential Moving Average (DEMA) by Patrick Mulloy attempts to offer a smoothed average with less lag than a straight exponential moving average. The calculation is more complex than just a moving average of a moving average as shown in the formula below.

Formula

DEMA = ( 2 * EMA(n)) - (EMA(n) of EMA(n) )

Example