Holt EMA

The Holt EMA is a trend corrected exponential moving average based on a double exponential smoothing model.

The Holt EMA for NinjaTrader 8.

Indicator Description

The Holt EMA was published in “Forecasting Seasonals and Trends by Exponentially Weighted Moving Averages” in 1957 in O.N.R. Research Memorandum 52, Carnegie Institute of Technology. The tools developed by Holt & Winters are mainly used for forecasting time series.

A post discussing different approaches for assigning weight to moving averages, specifically contrasting the ALMA indicator to the SMA, WMA and TMA was discussed in our Indicator Spotlight newsletter.

Other Library Indicators

A higher timeframe Holt Exponential Moving Average may be used in combination with other tools for technical analysis, such as channel indicators, momentum oscillators, support / resistance levels and volume analysis. For channel indicators, you may review the Commodity Channel Index, Donchican Channel or the Squeeze Channel. A Donchian Channel Strategy was reviewed in our Indicator Spotlight, as was the Squeeze Momentum setup. Furthermore, the Indicator Spotlight looked at how the TDI indicator utilizes the RSI in three timeframes.

For support / resistance, you may consider using Daily Pivot Levels as discussed in our in our Indicator Spotlight. A number of Pivot indicators are available from the Session Tools category, including the Daily Pivots, Weekly PivotsMonthly Pivots and the N-Monthly Pivots.

For volume you may consider Relative Volume analysis. The Relative Volume indicator was discussed in our Indicator Spotlight. For instruments that lack reliable volume information (FX/Crypto currencies), you may consider analyzing Relative Ranges. Our Relative Range indicator was also reviewed in the Indicator Spotlight.

Other that the Holt EMA, our moving average category includes the ALMA, DWMA, Exponential Hull Moving AverageMoving Average Wave, MA Cross, Tillson T3 and Trigger Lines. The Trigger Lines indicator was reviewed in our Indicator Spotlight Newsletter, outlining the differences between a Cross vs. Thrust Trend Definition.

Alternatively, you may consider reviewing our Trend Analysis and Trend Filters, such as the ADXADXVMADirectional Movement Index (DMI)Efficiency RatioButterworth FilterGaussian FilterLaguerre Filter, Rainbow Filter, Supersmoother Filter and the Supertrend indicator.

The Holt EMA indicator is available for NinjaTrader 8.