boytoy wrote: Tue Mar 04, 2025 7:53 pm Nothing short of epic but please! Could we get colored candlesticks instead of the old bars?

New Step NEMA indicator with Colored Candlesticks

Thanks, changed to colored candlesticks instead of bars.
As per the previous post I wrote, this is a new version of step ma of nema, seems to hug the price better, but remains to be seen if it is an improvement of the last version.

What is the NEMA?

NEMA (n-EMA) can calculate up to 49 EMA's and it uses up to 50 calculating buffers internally.

It calculates EMA, DEMA, TEMA and so on depending on NemaDepth parameter. In simple terms, using "3" in the NemaDepth will give you Triple Exponential Moving Averages. Using "40" in the NemaDepth will give you Quadragintuple Exponential Moving Averages.

Nema can calculate all the known variations (offspring) of EMA : EMA, DEMA, TEMA, DecEMA and so on, up to "levels" or "depth" 50 (Quinquagintuple Exponential Moving Average).

Some known depths:

• 1 (period) equals EMA: Single Exponential Moving Average
• 2 (period) equals DEMA: A Double Exponential Moving Average
• 3 period) equals TEMA: Triple Exponential Moving Average
• 4 period) equals TEMA: Quadruple (Quad) Exponential Moving Average
• 5 period) equals TEMA: Quintuple Exponential Moving Average
• 10 (period) equals DecEMA: Decuple Exponential Moving Average

With 50 (period) being the maximal depth calculated by this indicator.