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Igor

Triple Exponential Moving Average - TEMA Definition

By Igor, in Trading Dictionary

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Igor    10

Igor
Posted

It works by calculating the EMA of the EMA to determine a double EMA (DEMA), and then take another EMA of the double EMA to derive the Triple EMA (TEMA). This serves to eliminate the lagging nature of the moving average and makes the indicator to suggest the trend changes much earlier so that the trader can pick the signals as they occur. The calculation of the TEMA is as follows:

TEMA= (3xEMA)-(3xEMAofEMA)+(EMA of EMA of EMA)

 

TEMA is a trend indicator which works best in long term trending markets.

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