OPEN-SOURCE SCRIPT

TEMA/DEMA/HMA Strategy

4083
The TEMA/DEMA/HMA strategy is a basic trend follower looking for when the TEMA crosses above the DEMA as a buy signal and the opposite for the sell.

The HMA is used as a longer more Dynamic MA to confirm the wider trend to filter out bad trades.

This is a basic idea that can be expanded on using different indicator types to either add signals or filter out more bad signals!

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.