Each MA is customizable; you can:
- enable (disable) the plot of MA;
- select whether the MA is an or an ;
- the length;
- the source (open, close, ...);
- the offset value (default is 0).
TEMA is the acronym of Triple Exponential Moving Average.
The formula and calculation for TEMA is:
TEMA =3∗EMA1 − 3∗EMA2 + EMA3
EMA1 is the Exponential Moving Average (EMA)
EMA2 is the EMA of EMA1
EMA3 is the EMA of EMA2
The Arnaud Legoux Moving Average (ALMA) is implemented. The ALMA indicator is a superior moving average as compared to the Exponential Moving and Simple Moving Averages.
The objective of the Arnaud Legoux Average is to minimize the noise and produce a more reliable signal than the conventional moving averages. The indicator (ALMA) removes small price fluctuations and also enhances the trend by applying a moving average (MA) twice, once from left to right, and once from right to left.
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.
When can you add those others ? Also everyone says ALMA is difficult to add but maybe you can aswell please?
Please, check the script whether is all ok.