Triple Exponential Moving Average (TEMA) XAUUSD Technical Analysis and TEMA XAUUSD Signals
Developed by Patrick Mulloy.
This xauusd indicator was originally used for technical analysis in the Stock exchange and Commodities xauusd market before being used in gold trading analysis.
This a xauusd trend following indicator, it was intended to lessen the lag of the original exponential moving average.
The calculation is based on three EMAs:
- a single EMA
- a double EMA and
- a triple EMA
The three EMAs when combined produce a lesser amount of lag than any of the three EMAs.
XAUUSD Technical Analysis and Generating XAUUSD Signals
The TEMA XAUUSD technical indicator can be traded in the same way as the original moving averages
The most popular technical analysis method of generating trading signals is to compare the moving average line and the gold price action of the xauusd.
- A buy xauusd signal is generated when both the gold price and the indicator are moving upwards while
- A sell xauusd signal is generated when the gold price and the indicator are both moving downwards.
Buy Sell XAUUSD Signal
Another popular technical analysis method of TEMA is the crossover system.
The TEMA crossover system includes two or more triple exponential moving averages crossing above/below each other to generate xauusd signals. One indicator has fewer periods than the other. This system will also include combining it with other indicators as additional entry confirmation signals