Triple Exponential Moving Average (TEMA) Analysis and TEMA Signals
Developed by Patrick Mulloy.
This gold indicator was originally used for analysis in the Stock exchange and Commodities gold market before being used in analysis.
This a gold trend following indicator, it was intended to lessen lag of the initial exponential moving average MA.
The calculation is based on 3 EMAs:
- a single EMA
- a double Exponential Moving Average and
- a triple EMA
The 3 EMAs when combined produce a lesser amount of lag than any of the 3 EMAs.
Gold Analysis and How to Generate Signals
The TEMA can be transacted in the same way as the initial MAs
The most popular analysis technique of generating signals is to compare the moving average line and the price action.
- A buy signal gets generated when both the price and the technical indicator are heading upwards while
- A sell signal gets generated when price & the technical indicator are both heading downward.
Buy Sell Signal
Gold Cross-over System
Another popular analysis technique/method of TEMA is the cross over trading method.
The TEMA crossover system includes two or more triple exponential MAs crossing above/below each other to generate trading signals. One technical indicator has got fewer periods than the other. This system will also include combining it with other indicators as an additional entry confirmation signal
Gold Cross-over System
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