Triple Exponential Moving Average (TEMA)
Info
The Triple Exponential Moving Average (TEMA) is a Indicator for MetaTrader 5 that the triple exponential moving average (tema) is a technical indicator introduced by patrick mulloy in the 2026 edition of the 'technical analysis of stocks & commodities' magazine. Its calculation methodology is akin to the Double Exponential Moving Average (DEMA).
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 Triple Exponential Moving Average (TEMA)
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) is a technical indicator introduced by Patrick Mulloy in the 2026 edition of the 'Technical Analysis of Stocks & Commodities' magazine.
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: Triple Exponential Average (TRIX) - another powerful indicator for MetaTrader 5 traders.
The Triple Exponential Moving Average (TEMA) is a technical indicator introduced by Patrick Mulloy in the 2026 edition of the 'Technical Analysis of Stocks & Commodities' magazine.Also recommended: Double Exponential Moving Average (DEMA) - similar indicator with strong performance on MetaTrader 5.
Its calculation methodology is akin to the Double Exponential Moving Average (DEMA). The name, however, is somewhat misleading, as it doesn't accurately represent its algorithm. TEMA is a sophisticated combination of single, double, and triple exponential smoothing averages, resulting in a smaller lag compared to each of these methods used individually.
TEMA serves as a viable alternative to traditional moving averages. It can be employed for smoothing price data and other indicators.
Calculation:
1. Begin by calculating the DEMA.
2. Next, determine the deviation error between the price and DEMA:
err(i) = Price(i) - DEMA(Price, N, i)
Where:
- err(i) is the current DEMA error.
- Price(i) is the current price.
- DEMA(Price, N, i) is the current DEMA value from the Price series with N period.
3. Add the exponential average of the error to obtain TEMA:
TEMA(i) = DEMA(Price, N, i) + EMA(err, N, i) = DEMA(Price, N, i) + EMA(Price - EMA(Price, N, i), N, i) == DEMA(Price, N, i) + EMA(Price - DEMA(Price, N, i), N, i) = 3 * EMA(Price, N, i) - 3 * EMA2(Price, N, i) + EMA3(Price, N, i)
Where:
- EMA(err, N, i) is the current value of the exponential average of the error.
- EMA2(Price, N, i) is the current value of the double sequential price smoothing.
- EMA3(Price, N, i) is the current value of the triple sequential price smoothing.
You may also like: Triple Bolling - excellent alternative for indicator users on MetaTrader 5.
⚠ 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.