Dema

The indicator is developed in 1994 by Patrick Mulloy. The development aimed to reduce the delay (lag) of the moving average value is a disadvantage peculiar to the SMA.

During the indicator calculation, the combination of once and twice smoothed exponential moving averages gives a less delay than the 12/26-period MACD based on the simple moving averages.

Input Parameters:

extern int PERIOD  =12;