Get started
cuongitl

CryptoVN - Triple Exponential Moving Average (TEMA) + VWMA

cuongitl  
Trend Analysis Volume Moving Averages cryptovn
62
7
trendanalysis volumestudies movingaverage cryptovn

TEMA was developed by Patrick Mulloy.

The TEMA is a triple smoothed exponential moving average, which reduces the lag between the indicator and the price action.



The basic TEMA signals: The same as with any other moving average – the price crossover is the signal.

  • Bullish Crossover: A candle is closed from the upper side of the TEMA line
  • Bearish Crossover: A candle is closed from the lower side of the TEMA line

When the price breaks the triple exponential average, we get an entry or exit signal in the respective direction.
Please see the above chart to more details.


Volume Weighted Moving Average (VWMA)
The VWMA acts as a standard moving average on the chart. The difference between the VWMA and the simple moving average, is that the VWMA places emphasize on periods with higher trading volume. This makes it the perfect tool to combine with the TEMA.

TEMA + VWMA: We enter trades on TEMA and VWMA crossovers in the direction of the cross. We exit trades when price breaks the VWMA in the opposite direction.


If you like and want to use this, tips and donations are always welcome!

  • Bitcoin: 3BMEXfdqNNmVmtHYvZ1HqMyXchAGLUrbqF
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact cuongitl for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

Warning: please read before requesting access.