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Indicators: Triple Exponential Moving Average (TEMA)

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Automated-Trading
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Triple Exponential Moving Average (TEMA):

Triple Exponential Moving Average (TEMA) technical indicator was developed by Patrick Mulloy and published in the "Technical Analysis of Stocks & Commodities" magazine.

The principle of its calculation is similar to Double Exponential Moving Average (DEMA). The name "Triple Exponential Moving Average" does not very correctly reflect its algorithm. This is a unique blend of the single, double and triple exponential smoothing average providing the smaller lag than each of them separately.

TEMA can be used instead of traditional moving averages. It can be used for smoothing price data, as well as for smoothing other indicators.

Triple Exponential Moving Average Indicator

Author: MetaQuotes Software Corp.

Sergey Golubev
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