Triple Exponential Moving Average Formula
The triple exponential moving average formula is useful for eliminating short and insignificant cycles in the data. It smoothes the data three times using the Exponential Moving Average Formula, and then calculates the rate of change in the moving average based on the result for the previous day.
Formula Details
Syntax
Chart.DataManipulator.FinancialFormula(
FinancialFormula.TripleExponentialMovingAverage,
"Period",
"Price",
"TEMA")
Parameters
This formula takes one required parameter.
- Period
Period for calculating the exponential moving average for the triple exponential moving average indicator.
Input Values
This formula takes one input Y value.
- Price
Price for which the triple exponential moving average indicator is calculated.
Output Value
This formula outputs one Y value.
- TEMA
Triple exponential moving average.
Remarks
The Line chart type is a convenient chart type to display the formula output.
Example
The following example takes input from Series1's Y value for daily close prices (Series1:Y4) and outputs the triple exponential moving average indicator on Series3 (Series3:Y). It uses a period of 15 days for calculating the exponential moving averages.
Chart1.DataManipulator.FinancialFormula (FinancialFormula. TripleExponentialMovingAverage, "15", "Series1:Y4", "Series3:Y")
Chart1.DataManipulator.FinancialFormula (FinancialFormula. TripleExponentialMovingAverage, "15", "Series1:Y4", "Series3:Y");
See Also
Reference
System.Windows.Forms.DataVisualization.Charting
System.Web.UI.DataVisualization.Charting