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MetaTrader 5 Indicator | REMA

1.8.25 0

Regularized EMA by Cris Satchwell.

It has two parameters:

  • Period - period;
  • Applied price - price used for calculations.

Calculation:

REMA[i] = (REMA[i-1]*(1 + 2*Lambda) + Alpha*(Price[i] - REMA[i-1]) - Lambda*REMA[i-2])/(1 + Lambda)

where

Alpha=2/(Period + 1),  Lambda=0.5.

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