TEMA

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HTS's Triple Exponential Moving Average (TEMA) indicator smooths price fluctuations and filters out volatility in an attempt to make trend identification easier and with as little lag as possible. TEMA is a useful tool for identifying strong and long-lasting trends.

HTS 3.0 Interface

TEMA-Indicator.png

Formula

TEMA is an indicator with the following formula:

TEMA = (3*EMA – 3*EMA(EMA)) + EMA(EMA(EMA))
EMA = EMA(1) + α * (Close – EMA(1))
α = 2 / (N + 1)
N = The smoothing period.

Settings

  • Exchange Website, of which you would like to monitor (Pro Tip: It doesn't have to be the same exchange you are currently trading on)
  • Currency Pair, of which you would like to monitor for trade signals.
  • Update Speed
  • Trade Signals
  • Short TEMA Length
  • Long TEMA Length
  • Minimum Swing - Use this value to omit trade signals. By default this is 0.01. If you are unsure, run backtests with a value of 0 and a value of 2 to see how this works.

Usage

This Indicator is great in periods of volatility as it does not lag as much as EMA or SMA.