TEMA_Custom - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
The Triple Exponential Moving Average (TEMA) technical indicator was developed by Patrick Malloy, who published it in Technical Analysis of Stocks and Commodities magazine.
This indicator can be used in place of the usual moving average. The Triple Exponential Moving Average (TEMA) is a combination of an Exponential Moving Average, a Dual Exponential Moving Average, and a Triple Exponential Moving Average that provides less lag than these three averages alone.
In this implementation, the indicator allows customizing the following parameters:
Attachment download
📎tema_custom.mq4 (3.4 KB)
Source: MQL5 #13263
TEMA_Custom - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
TEMA_Custom - MetaTrader 4 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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