What is this indicator?
A faster version of EMA that reduces signal lag by combining two layers of EMA. It changes direction earlier than a simple EMA during strong trends.
How to read the chart
When the indicator's main line takes on a clear direction, it usually confirms the market's dominant trend in that same direction; crossovers and changes in slope are the main points of focus.
Practical tip
It's best to use this indicator alongside a momentum indicator so that both trend direction and trend strength can be measured.