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DEMADEMA is a unique smoothing indicator developed by Patrick Mulloy. It was originally introduced in the January 1994 issue of Stocks & Commodities magazine. As Mr. Mulloy explains in the article: "Moving averages have a detrimental lag time that increases as the moving average length increases. The solution is a modified version of exponential smoothing with less lag time." DEMA is an acronym that stands for Double Exponential Moving Average. However, the name of this smoothing technique is a bit misleading in that it is not simply a moving average of a moving average. It is a unique composite of a single exponential moving average and a double exponential moving average that provides less lag than either of the two components individually. Syntax:Public Function DEMA(ByVal CloseValues() As Double, ByVal Lag As Long) As Double Parameters:
Example:
Dim TA4Net As New TA4Net.CTAFunctions("YOUR-REGISTRATION-CODE") Dim Result() As Double Dim CloseValues() As Double
' loading values to array CloseValues = GetCloseValues() ' calculating Technical Analysis function Result = TA4Net.DEMA(CloseValues, 14)
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