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TEMA

Type: tema • Category: indicators

Description​

Calculates Triple Exponential Moving Average based on price list

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
pricestringPrice field to use to calculate TEMAno
timeperiodnumberNumber of periods to use for TEMA calculationno30
indicatorstringno"TEMA"

Help​

TEMA (Triple Exponential Moving Average)

Description​

The TEMA worker is a financial analysis tool used to calculate the Triple Exponential Moving Average of a given price list. This indicator helps smooth out price data by creating a constantly updated average price.

The TEMA is a unique moving average that uses three EMAs (Exponential Moving Averages) to provide a more accurate and responsive average. It is often used to identify trends and provide a smoother representation of price action.

What does this worker do?​

The TEMA worker takes in a list of prices and calculates the Triple Exponential Moving Average based on a specified time period. The result is a smoothed-out price line that can be used to analyze trends and make informed investment decisions.

How to interpret the results​

The TEMA indicator can be interpreted in several ways:

  • When the TEMA line is above the price line, it indicates a bullish trend.
  • When the TEMA line is below the price line, it indicates a bearish trend.
  • Crossovers between the TEMA line and the price line can signal potential buy or sell opportunities.

Using the TEMA worker​

To use the TEMA worker, simply provide the required parameters:

  • dataExp: prices data
  • price: Price field to use to calculate TEMA
  • timeperiod: Number of periods to use for TEMA calculation
  • indicator: No description

Example Use Cases​

The TEMA worker can be used in a variety of financial analysis scenarios, such as:

  • Identifying trends in stock prices
  • Smoothing out volatile price data
  • Creating trading strategies based on TEMA crossovers

Visualizing the TEMA worker​

For a visual representation of how to use the TEMA worker, see the following GIFs:

Full GIF​

[![Full GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)

Short GIF​

[![Short GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)

Additional Information​

The Triple Exponential Moving Average was developed by Mark Douglas, a well-known technical analyst. It is considered a more responsive and accurate moving average compared to traditional EMAs and SMAs (Simple Moving Averages). The TEMA worker provides a valuable tool for financial analysis and can be used in a variety of trading strategies.