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TEMA

Type: tema • Category: indicators

Description​

Calculates the triple exponential moving average based on a list of prices

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringList of pricesno
timeperiodnumberno30

Help​

TEMA

Triple Exponential Moving Average Indicator​

Description​

The TEMA (Triple Exponential Moving Average) indicator is a technical analysis tool used in financial markets to smooth out price data and identify trends. It calculates the triple exponential moving average based on a list of prices.

What does this worker do?​

This worker calculates the TEMA for a given list of prices over a specified time period. It takes a list of prices and a time period as input and returns the TEMA values.

How to interpret the results​

The TEMA indicator can be used to:

  • Identify trends: A rising TEMA indicates an uptrend, while a falling TEMA indicates a downtrend.
  • Signal buy and sell points: When the TEMA crosses above the price, it's a buy signal. When it crosses below, it's a sell signal.

Parameters​

The following parameters can be passed to the TEMA worker:

Parameters Schema (JSON)​

{
  "dataExp": {
    "type": "string",
    "description": "List of prices"
  },
  "timeperiod": {
    "type": "number",
    "default": 30
  }
}

Detailed Parameters​

  • dataExp:
    • Type: string
    • Description: A list of prices.
  • timeperiod:
    • Type: number
    • Description: The time period for the TEMA calculation.
    • Default: 30

Example Usage​

To use the TEMA worker, provide a list of prices and a time period. For example:

{
  "dataExp": "[1.2, 3.4, 5.6, 7.8, 9.0]",
  "timeperiod": 30
}

This will calculate the TEMA for the given list of prices over a 30-period time frame.