8-period TEMA, plotted by the median prices

TEMA_Custom – indicator MetaTrader 4

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The Triple Exponential Moving Average (TEMA) technical indicator was developed by Patrick Malloy He published it in the Technical Analysis of Stocks & Commodities journal.

This indicator can be used instead of the usual moving averages. Triple Exponential Moving Average (TEMA) is a combination of one exponential moving average, a double exponential moving average and a triple exponential moving average, which provides less delay than any of these three averages individually.

In this implementation the indicator allows to customize the following parameters:

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  • MAPeriod – data averaging period;
  • MAMethod – smoothing method;
  • MAPrice – applied price to calculate the moving average (HIGH, LOW, MEDIAN etc.).

8-period TEMA, plotted by the median prices


TEMA_Custom – indicator MetaTrader 4
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