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Averages > TEMA1

Article/Author: Omega Research Inc., 1997

Download: tema.ELA

File Includes: Indicator - TEMA1

Category: Indicator > Averages

Description:

This study plots the TEMA1 indicator. TEMA1 ia s triple MA (Moving Average), and is calculated as 3*MA - (3*MA(MA)) + (MA(MA(MA)))

Usage:

The most popular method of interpreting a moving average is to compare the relationship between a moving average of the security's price with the security's price itself (or between several moving averages).




Inputs:

Price - the data series to average
Length - the parameter tells how many bars to average

EasyLanguage Code:
INPUTS:  PRICE(CLOSE),LENGTH(26);

VARS: TEMA1(0);

TEMA1 = (3 * XAVERAGE(PRICE,LENGTH)) - (3 * XAVERAGE(XAVERAGE(PRICE,LENGTH),LENGTH)) +
(XAVERAGE(XAVERAGE(XAVERAGE(PRICE,LENGTH),LENGTH),LENGTH));

PLOT1(TEMA1,"TEMA1");