Summary of "📊 Triple Exponential Moving Average Indicator (TEMA) MT4/5 - [TradingFinder]"

Triple Exponential Moving Average (TEMA) Indicator Overview

The video explains the Triple Exponential Moving Average (TEMA) indicator, a technical analysis tool available for MetaTrader 4 and MetaTrader 5 platforms. It can be downloaded from the TradingFinder website. TEMA provides a more responsive moving average calculation that closely follows price movements, enabling traders to react faster than with traditional moving averages.

Key Features & Usage

Trading Signals:
- Buy signal: Indicator line color changes from red to blue during an uptrend (characterized by higher highs and higher lows).
- Sell signal: Indicator line color changes from blue to red during a downtrend (characterized by lower highs and lower lows).
Trend Following: Best used to trade in the direction of the prevailing trend.

Customization Inputs

Price Basis: Select the price mode for calculation (e.g., close, open, etc.).
Calculation Period: Set the number of bars/candles used for the moving average calculation.
Time Delay (Shift): Adjusts the indicator’s alignment relative to the latest candle to avoid repainting/redrawing issues. Can be positive (shift right) or negative (shift left).
Visual Display: Enable or disable bullish/bearish color display for the indicator line.
Number of Candles Analyzed: Default is zero (analyzes all candles), or set a specific number (e.g., 1,000) to limit analysis to recent data.
Alert System:
- Enable or disable alerts on trend/color changes.
- Option to send alerts via email (requires prior email setup in the platform).
- Option to send push notifications to mobile devices.
- Set number of email alerts (default is 1).
- Set number of audible alerts (default is 5).
- Set time interval between sound alerts (in seconds).

Example Settings Demonstrated

Period set to 51.
Corresponding value set to 36.
Shift parameter set to 10 (shifts moving average line 10 candles to the right).

Important Notes

The indicator helps identify trend changes quickly.

The shift parameter can be adjusted to avoid repainting, improving signal reliability.

Alerts enhance risk management by notifying traders of important trend shifts.

No explicit financial advice or disclaimers are mentioned, but users are encouraged to fully understand settings before trading.

Additional Information

Tickers/Assets/Sectors: None specifically mentioned; the content focuses on the TEMA indicator as a general technical analysis tool applicable across markets.
Presenter/Source: The video is from the TradingFinder website/channel, showcasing the TEMA indicator for MT4/MT5 platforms.