This new script bundle allows you to trade the double exponential moving average crossover or DEMA crossover. And just to clarify for traders who are not familiar with the DEMA, this is not 2 EMA crossover study. It is a 2 DEMA crossover study, meaning when DEMA 1 crosses DEMA 2 a buy or sell signal is generated.
ThinkOrSwim comes with a built-in single DEMA indicator, but it is very limited and doesn’t allow you to backtest different average lengths, scan for setups, show you entry signals, or alert you when it’s time to take a trade, etc. This bundle will do all of that and more, giving you the backtesting tools and customization options to build your own complete DEMA trading system.