Modified Exponential Moving Average (MEMA)

 

There is no need to remember the amount of technical analysis tools currently available, however, it is curious how we end up resorting to the simplest of all, which are not other than moving averages. The truth is that despite its simplicity, the media provide us with a fairly reliable information about the direction the market is taking, serving as reference points to establish the possible levels of support or resistance.

The moving average MEMA (it is the acronyms of the Modified Exponential Moving Average) is a type of exponential moving average that presents a series of particularities with respect to the traditional EMA. In the present article we are going to talk about this analytical tool.

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