Double Exponential Moving Average | DEMA – Amibroker AFL

Double Exponential Moving Average (DEMA)

Double exponential moving average (DEMA) is a measure of a security’s trending average price. This gives the most weight to recent price data. Like exponential moving average ( EMA) it is more reactive to price fluctuations than a simple moving average (SMA) thereby bringing more value to short-term traders attempting to pinpoint trend changes.

The formula  is:

DEMA = ( 2 * EMA(n)) – (EMA(EMA(n)) ), where n= period

By using Double exponential moving average formula we make modify DEMA amibroker afl. Below picture show you where to buy and where to sell. Using this afl you may make much profit if you use it properly. In picture when formula fulfill the sell condition than its show red signal. Reversely when condition fulfill buy condition than it automatically show you green signal.  Just download AFL and enjoy with happy trading.

Here is the Image of Amibroker AFL [amibroker formula language].

Double Exponential Moving Average (DEMA) Amibroker AFL

HERE IS DEMA FOR AMIBROKER AFL

Click here to download this AFL

How to use Double Exponential Moving Average Indicator for Amibroker AFL

  • Download the Valid Supply-Demand Zone for Amibroker AFL.
  • Now copy the afl file and paste it to Program FilesAmiBrokerFormulasCustom. [For 32 bit]
  • Now copy the afl file and paste it to Program Files(x86)AmiBrokerFormulasCustom. [For 64 bit]
  • Now go to formula section of Amibroker and you will get the afl in Custom folder.

 

 

Double Exponential Moving Average | DEMA – Amibroker AFL
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