Saturday, April 21, 2012

Triple Exponential Moving Average (TEMA)

TEMA - quick summary


Triple Exponential Moving Average (TEMA) is another smoother and faster version developed by Patrick G. Mulloy in 1994.

His first Double version can be studied here: Double Exponential Moving Average (DEMA)

Again, the idea of the TEMA indicator is to not just take the successive EMA of EMA iteration, but to eliminate the lagging factor present in a traditional EMA.


DEMA indicator formula


The Triple Exponential Moving Average (TEMA) combines a single EMA, a double EMA and a triple EMA, providing a lower lag than either of those three averages.

Trading with TEMA indicator

Trading with TEMA is similar to trading with DEMA indicator.
You can substitute your regular EMA with TEMA, or you can test crossover signals when using two TEMA indicators.


Forex MT4 indicator TEMATEMA.mq4
Forex MT4 indicator TEMA


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