TEMA Band - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Triple Exponential Moving Average is a similar indicator to Bollinger Bands.
The difference is that it is based on the Triple Exponential Moving Average (TEMA). Compared to BB, the current indicator is more symmetrical: the midline is closer to the price trend, and the upper/lower trajectories are evenly distributed.
When the upper/lower bands are too far from the centerline, there is a potential reverse signal.
Attachment download
📎temab.mq5 (4.73 KB)
Source: MQL5 #1185
TEMA Band - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
TEMA Band - MetaTrader 5 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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