The TEMA Trend indicator is built on two moving averages TEMA (Triple Exponential Moving Average) – fast and slow.

The advantage of the TEMA moving average is that it provides less delay than a moving average with a single or double smoothing.

The indicator allows you to determine the direction and strength of the trend, as well as the trend change, and can work on any timeframe.

The uptrend is shown in the blue color of the indicator line, and the downtrend is shown in red.

You can close a short position and open a long one when the line color changes from red to blue.

You can close a long position and open a short one when the line color changes from blue to red.

In this case, you should use a small stop loss, as the line itself can suddenly change color and direction.

The “Inputs” tab of the indicator allows you to select TEMA for each moving average:

• Period (Fast Period, Slow Period);
• the applicable price (Close, Open, High, Low, Median, Typical, Weighted).

The “Colors” tab of the indicator allows you to select the color, thickness, and style of the indicator line.

• fast period – the number of bars used to calculate the fast TEMA;
• fast applied price-select the applied price for fast TEMA;
• slow period – the number of bars used to calculate the slow TEMA;
• slow applied price-select the applied price for the slow TEMA.