The triple exponential moving average can help identify trend direction, signal potential short-term trend changes or pullbacks, and provide dynamic support or resistance.
Calculation: TEMA = ( 3 * EMA1 ) - ( 3 * EMA2 ) + EMA3
Where:
EMA1 = Exponential Moving Average
EMA2 = EMA of EMA1
EMA3 = EMA of EMA2