- DarkLight
Triple Exponential Moving Average (TEMA)
- DarkLight
Triple Exponential Moving Average (TEMA) is a moving average indicator that reacts to price changes faster than a traditional SMA or EMA. The indicator smooths out the line with multiple EMAs and reduces the lag by placing more weight on recent values. TEMA is calculated in the following way: 3 EMA of price - 3 EMA of the first EMA + EMA of EMA of EMA.
TEMA = 3 x EMA - 3 x EMA(EMA) + EMA(EMA(EMA))
where:
EMA – Exponential Moving Average
INPUTS
Input | Description |
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Length | The number of bars used to calculate the exponential moving average |
Displace | The number of bars the indicator to be shifted to |
Price |
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The following data sources are available for the price:
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PLOTS
The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.
Plot | Description |
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TEMA | The Triple Exponential Moving Average plot |
Color |
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Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color. To create a custom color:
The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette. |
Weight |
Change the value (in px) to adjust the thickness of the plot. |
Type |
The following plot types are available:
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OVERLAYING
Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.