Apply a Triple Exponential Moving Average (TEMA) Indicator
A technical indicator used for smoothing price and other data. It is a composite of a single exponential moving average, a double exponential moving average and a triple exponential moving average.
The TEMA smooths price fluctuations and filters out volatility, thereby making it easier to identify trends with little lag. It is a useful tool in identifying strong, long lasting trends, but may be of limited use in range-bound markets with short term fluctuations.
To apply a Triple Exponential Moving Average Indicator
- From within a chart, from the Edit menu select Studies.
- Choose Triple Exponential Moving Average and click Add to add the study to the Applied Studies group.
- Complete parameters as necessary.
Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.