Reply To: Double Exponential Moving Average

[Darren]

Ah in that case you will need to create both DEMAs using the different lookback periods. This will draw both using the Show Plot tool:

//DEMA1; EMA1 = MA(BARS=10, STYLE=Exponential, CALC=Close); EMA2 = MA(EMA1, BARS=10, STYLE=Exponential, CALC=Close); //DEMA2; EMA3 = MA(BARS=30, STYLE=Exponential, CALC=Close); EMA4 = MA(EMA3, BARS=30, STYLE=Exponential, CALC=Close); //Calc DEMAs DEMA1=(2 * EMA1) - EMA2; DEMA2=(2 * EMA3) - EMA4; Plot1=DEMA1; Plot1.Colour = Green; Plot2=DEMA2; Plot2.Colour = Blue;

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//DEMA1; EMA1 = MA(BARS=10, STYLE=Exponential, CALC=Close); EMA2 = MA(EMA1, BARS=10, STYLE=Exponential, CALC=Close); //DEMA2; EMA3 = MA(BARS=30, STYLE=Exponential, CALC=Close); EMA4 = MA(EMA3, BARS=30, STYLE=Exponential, CALC=Close); //Calc DEMAs DEMA1=(2 * EMA1) - EMA2; DEMA2=(2 * EMA3) - EMA4; Plot1=DEMA1; Plot1.Colour = Green; Plot2=DEMA2; Plot2.Colour = Blue;

To change it to a true/false boolean condition for a crossover in a Show Bar or Scan delete from Line 11 and replace with DEMA1 CrossesAbove DEMA2.

• This reply was modified 9 months, 1 week ago by Darren.