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Triple Exponential Moving Average (TEMA)

Description

The Triple Exponential Moving Average (TEMA) by Patrick Mulloy offers a moving average with less lag then traditional exponential moving average.

Formula

The Triple Exponential Moving Average (TEMA) of time series 't' is:

* EMA1 = EMA(t,period)

* EMA2 = EMA(EMA1,period)

* EMA3 = EMA(EMA2,period))

* TEMA = 3*EMA1 - 3*EMA2 + EMA3

Example