TEMA is short for Tripple Exponential Moving Average, the Tema – Jurik volty adaptive is a metatrader 5 custom indicator and doubles as an average type indicator.
Their nature suggest that suitability for being adaptive and this version deploys the Jurik Volty for making the TEMA adaptive.
Jurik Volty is a market volatility enabler that is used for adapting.
The TEMA Jurik Volty Adaptive MT5 indicator is used as a standalone tool to display the direction that price is heading.
The parameters used by the indicator are just Volatility Period and Price.
The Tema – Jurik volty adaptive indicator is directional in nature.
The change in color that it displays is used to depict sessions of bullish and bearish market conditions – thereby giving us accurate information about the likely anticipated direction of market prices.
The color scheme changes from deep pink to lime during market hours to signal bearish to bullish price actions respectively.
We recommend using long periods when incorporating the TEMA Jurik Volty Adaptive into your trading strategy.
The reason is simple: short periods show small difference and in most cases we are prone to getting false positives.
The 200-period Tema – Jurik volty adaptive forex indicator can act like a support or resistance level, when price is trading either above or below the indicator line respectively.
The indicator in itself is not a holy grail technical tool, but when combined with other technical studies, the results are seemingly amazing.
MT5 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 5
Type: chart pattern indicator
Customization options: Variable (Period, Price), Colors.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the Tema – Jurik volty adaptive.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL5 > Indicators (paste here)