TEMAReturn value of the Triple Exponential Moving Average indicator over the last N periods for selected price.
Syntax:
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1 |
TEMA[N](price) |
Calculation :
We calculate three exponential moving average with p period.
MA1 = exponential moving average of close over p period.
MA2 = exponential moving average of MA1 over p period.
MA3 = exponential moving average of MA2.
TEMA = 3 * (MA1-MA2)+MA3
Interpretation :
This indicator is faster and more smoothed than a standard moving average. TEMA can be used with other indicators (MACD, stochastic oscillator).
Example:
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1 2 3 4 5 |
mm = TEMA[20](close) slope = momentum[10](mm-mm[1]) RETURN slope |
hi, someone can help me to have code for five EMA MOVING AVERAGE?
Quintuple Exponential Moving Average
THANKS A LOT
Please add a request in probuilder support forum for any indicators development or conversion from others trading platforms.
The above formula is correct, however the french help in Probuilder for the TEMA indicator is incorrect, it gives 2 incompatible TEMA calculation:
1/ Correct: …”Le TEMA est une combinaison de trois moyennes mobiles exponentielles. Notons ‘p’ le paramètre du TEMA :
TEMA = 3* (mm1-mm2) + mm3 avec “…
is correct
2/ Incorrect : Probuilder help states that … “Puis on calcule MM3, la moyenne mobile exponentielle à ‘n’ jours de MM2
On obtient finalement l’indicateur TEMA = 2 * MM2 – MM3” …
This Is not correct; it refers to the DEMA indicator (incorrectly referred to as “TEMA”).
Please log this as a defect in the ProBuilder Help
Hi,
Is there any ITF file for TEMA?