The Triple Exponential Moving Average (TEMA) forex indicator is a useful tool for traders to identify trends and momentum in the currency markets. It is a popular indicator among traders due to its ability to quickly identify short-term trends and momentum. TEMA is a free indicator available for the MetaTrader 4 (MT4) platform, making it an ideal choice for forex traders. TEMA works by taking the average of the closing price of a currency pair over a certain period of time, and then calculating the Exponential Moving Average (EMA) of the same data. It then takes the EMA and calculates a second EMA of the same data. Finally, it takes the second EMA and calculates a third EMA. The result is a single line that is the TEMA. Overall, the Triple Exponential Moving Average indicator is a useful and popular forex indicator for traders who want to quickly identify short-term trends and momentum. It is free and available for the MT4 platform, making it an ideal choice for forex traders.
Triple Exponential Moving Average
The Triple Exponential Moving Average (TEMA) forex MT4 indicator is a popular and useful tool for traders. TEMA is a trend-following indicator that helps traders identify the direction and strength of a trend. It is calculated by taking the exponential moving average (EMA) of the closing price three times. By combining TEMA with other indicators, traders can gain a better understanding of the market and make more informed and profitable trading decisions.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.