Displaying a Custom TEMA Indicator as Candlesticks

Summary

The document describes an indicator that presents the output of a custom Triple Exponential Moving Average (TEMA) calculation as a sequence of candlesticks. It says those candles are produced by processing a relevant price time series with the custom algorithm, and suggests this display may be more informative for analysis in some situations. The focus is on the representation of an indicator rather than on a trading rule or signal.

The description provides no formula, parameter settings, examples of how to interpret the candles, or evidence that the presentation improves analysis or trading performance. It also notes a platform dependency: users need the compiled custom indicator file installed in the platform’s indicator directory. The item is therefore a brief explanation of a visualization approach, with practical value dependent on access to the implementation and further investigation of its calculation and behavior.

Key ideas

• The indicator renders a custom TEMA-processed price series as candlesticks.
• The author suggests this visual form can be more informative in some analytical contexts.
• The document does not explain the calculation, settings, signals, or performance evidence.
• Using the indicator requires its compiled file in the platform’s indicator directory.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.