This type of moving average was originally developed by Bruno Pio in 2010. I just ported the original code from MetaTrader 5. The method uses a linear combination of EMA cascades to achieve better smoothness. Well, actually you can create your own X-uple EMA, but be sure that the combination' coefficients are valid.
looks similar to a three bar simple MA of median price....completely useless for determining entry/exits
slimer0
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Thanks for sharing. A simple question: multipliers come from Pascal triangle & binomial expansion, right? . If so, why didn't you named it "octuple ema"?
Holidaya35
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Thanks for a great script
martinASUA
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que tal, si yo quisiera combinar tres PEMAS en un solo indicador, seria fácil de programar? gracias.
everget
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@martinASUA, Hi, I can help you, shoot me a private message please.