TE M A Cus T O M
Info
The TE M A Cus T O M is a Indicator for MetaTrader 5 that the triple exponential moving average (tema) technical indicator with advanced customization of input parameters. This indicator offers a sophisticated approach to trend analysis, combining three exponential moving averages to provide a more responsive and less delayed representation of price movements compared to individual averages.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use TE M A Cus T O M
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
The Triple Exponential Moving Average (TEMA) technical indicator with advanced customization of input parameters.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Supply Demand Zones: Identifying Key Price Reaction Areas - another powerful indicator for MetaTrader 5 traders.
The Triple Exponential Moving Average (TEMA) technical indicator with advanced customization of input parameters.Also recommended: Spread Heatmap: Hourly Spread Analysis by Day and Time - similar indicator with strong performance on MetaTrader 5.
This indicator offers a sophisticated approach to trend analysis, combining three exponential moving averages to provide a more responsive and less delayed representation of price movements compared to individual averages.
Indicator Input Parameters:
- Phase1, Phase2, and Phase3 parameters have distinct meanings for different smoothing algorithms. For JMA, these parameters represent an external phase variable ranging from -100 to +100. In T3, they denote a smoothing ratio multiplied by 100 for visualization purposes. For VIDYA, they indicate the CMO oscillator period, and for AMA, they represent the slow EMA period.
The indicator leverages the smoothalgorithms.mqh library classes, ensuring efficient and versatile implementation. The original MQL4 version was published in 2022, and the MQL5 version was released in 2026, offering enhanced functionality and compatibility.
Fig.1. TEMA_Custom Indicator
You may also like: Candle Timer Countdown for MetaTrader 5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 1
#property indicator_plots 1
#property indicator_type1 draw_line
#property indicator_color1 clrmediumorchid
#property indicator_style1 style_solid
#property indicator_width1 2.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.