TEMA1 — Indicator by HPotter

tema1

This study plots the TEMA1 indicator. TEMA1 ia s triple MA (Moving Average),
and is calculated as 3*MA - (3*MA(MA)) + (MA(MA(MA)))

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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Want to use this script on a chart?

////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 16/05/2014
// This study plots the TEMA1 indicator. TEMA1 ia s triple MA (Moving Average),
// and is calculated as 3*MA - (3*MA(MA)) + (MA(MA(MA)))
////////////////////////////////////////////////////////////
study(title="TEMA1", shorttitle="TEMA", overlay = true )
Length = input(26, minval=1)
xPrice = close
xEMA1 = ema(xPrice, Length)
xEMA2 = ema(xEMA1, Length)
xEMA3 = ema(xEMA2, Length)
nRes = 3 * xEMA1 - 3 * xEMA2 + xEMA3
plot(nRes, color=blue, title="TEMA1")