TEMA
Moving averagesOverlays priceAn exponential average run three times with even more of the lag removed.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
It goes a step beyond the double version and hugs the bars most closely, which suits reading the current direction rather than the broad trend.
Where it misleads
Fastest also means noisiest — in a flat stretch it changes direction constantly.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Triangular MA (TRIMA)An average that weighs the middle of the window most — the weights form a triangle.
- Least squares MA (LSMA)The end point of the straight line that best fits the recent bars, recalculated every day.
- Arnaud Legoux MA (ALMA)An average whose centre of weight you can slide forward or back.
- Kaufman adaptive MA (KAMA)An average that speeds up in a clean run and slows down in chop.
- McGinley DynamicAn average that lengthens its own stride when price moves fast.
- Volume weighted MA (VWMA)An average that gives heavy-volume days more say.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.