EMA (Exponential Moving Average) is very well known and widely used indicator. More information on it can be found here :
This version :
It is rare that somebody changes something in the EMA calculation. In one old work of theirs, Bob Fulks and Alex Matulich proposed (as a part of T3 calculation improvement) changing the way how EMA is calculated in order to lessen the EMA lag. This version is using the way they proposed. In a lack of a better name, the name given is the “fast ema”
Usage :
You can use this version the usual way – change of color can be used as a signal
Comparison :
For the sake of seeing what it is about, at this example the colored line is the “fast ema” and the gray line is the “regular ema” with same parameters
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