Blockchain and Cryptocurrency Advanced - Adding Triple Exponential Moving Average (TEMA) Indicator on a Chart

in hive-175254 •  5 days ago 

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To do add the TEMA indicator on the chart, I opened the tradingview website at https://www.tradingview.com. Clicked on the indicator icon at the top of the interface

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All Screenshots from my tradingview

On the search input, I entered the name "TEMA" in the search box. Tradingview will bring up all the available indicators with a similar name. I selected the first indicator with the name "Triple EMA"

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Next, I clicked on it to load it on the AAVE/USDT chart

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The TEMA indicator has been added to the chart

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In the TEMA indicator area, click on the settings icon to view the settings

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In the settings tab, there are three main category; input, styles and visibility.

Input - Like every other moving average indicator, the TEMA indicator has only one input, which is the period length, which can be changed to suit your needs. The default period length input for TEMA is 9.

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Styles - On the styles tab, the colour of the TEMA line, shape and line thickness of the TEMA line can be changed based on visual preference.

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Visibility - On the visibility tab, different elements can be toggled on or off based on the needs. However, all elements are toggled on by default.

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The Triple Exponential Moving Average comes with a default period length of 9. However, the period length can be changed depending on the timeframe analysis. Shorter period length is great for smaller timeframe and short term analysis, and longer period length is more suitable for larger timeframe and long term analysis. For instance, when performing longer term analysis, period length of 50, 200 etc are all great periods for more reliable signals and smoother lines.

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