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)))
and is calculated as 3*MA - (3*MA(MA)) + (MA(MA(MA)))
//////////////////////////////////////////////////////////// // 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")