May 12: BBS Trading Expert now available with the "BAND INDICATORS" DVD!
Follow my forex trades with signal provider BandBreak5.
Read my S&P500 and FOREX EUR/USD weekly forecast with new trading rules and a NEW chart template!
Sneak Peek my "Long Term Trading ETF's" article that will be published July 2012 in S&C magazine.
TradersLibrary Top 10 List 2011 and 2010
WINNER "Favorite Article" in the S&C Readers' Choice Award 2010 and 2011 and finalist in 2012. Thank You!
AXIOM business books awards, bronze medal for my book! Thank You!
Sylvain Vervoort
WINNER 2010 and 2011 favorite article Readers' Choice Award.
AXIOM Business Books Awards, bronze medal.
Tema, Triple Exponential Moving Average was first introduced in Stocks & Commodities magazine February 1994 by Patrick Mulloy. Price is passed multiple times through the same filter and than combined. TEMA = 3*EMA – 3*EMA(EMA) + EMA(EMA(EMA)). If you are looking for a good smoothing, but still fast reacting average on longer time periods, then the TEMA average is for you.
Heikin ashi, Japanese for “average bar”, is a technique using a special kind of candle stick bars for better visualizing price trends. This technique has been introduced by Dan Valcu in the February 2004 issue of Stocks & Commodities magazine.
I calculate the average heikin ashi closing price as the result of:
(xClose+xOpen+xHigh+xLow)/4, the re-calculated heikin ashi prices.
We will mainly use this re-calculated closing price as a smoothed closing price introducing almost no delay in other formulas.
Tema, Triple Exponential Moving Average was first introduced in Stocks & Commodities magazine February 1994 by Patrick Mulloy. Price is passed multiple times through the same filter and than combined. TEMA = 3*EMA – 3*EMA(EMA) + EMA(EMA(EMA)). If you are looking for a better smoothing, but still with little lag using longer time periods, then the TEMA average on the heikin ashi price is for you.
You can use a heikin ashi TEMA average smoothed value with a zero-laging technique, crossing with a TEMA zero-lagging average typical price, to create fast reliable crossings.