The DEMA Trend indicator is built on two moving averages DEMA (Double Exponential Moving Average) – fast and slow.

The advantage of the DEMA moving average is that it eliminates false signals during a sawtooth price movement and helps to maintain a position in a strong trend.

The indicator allows you to determine the direction and strength of the trend, as well as the trend change, and can work on any timeframe.

The uptrend is shown in the blue color of the indicator line, and the downtrend is shown in red.

You can close a short position and open a long one when the line color changes from red to blue.

You can close a long position and open a short one when the line color changes from blue to red.

In this case, you should use a small stop loss, as the line itself can suddenly change color and direction.

The “Inputs” tab of the indicator allows you to select a DEMA for each moving average:

• Period (Fast Period, Slow Period);
• the applicable price (Close, Open, High, Low, Median, Typical, Weighted).

The “Colors” tab of the indicator allows you to select the color, thickness, and style of the indicator line.

• fast period – the number of bars used to calculate the fast DEMA;
• fast applied price-select the applicable price for a fast DEMA;
• slow period – the number of bars used to calculate the slow DEMA;
• slow applied price-select the applied price for the slow DEMA.