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