@ldrick/trade-indicators/dist/averages/tema.js

Trade Indicators

import { apply as AP, either as E, function as F, readonlyNonEmptyArray as RNEA } from 'fp-ts/lib';
import * as arr from '../utils/array.js';
import * as num from '../utils/number.js';
import { emaC } from './ema.js';
const calculate = (one, two, three, period) => F.pipe(three, RNEA.mapWithIndex((index, value) => one[index + 2 * (period - 1)]
    .mul(3)
    .sub(two[index + period - 1].mul(3))
    .add(value)
    .toNumber()));
/**
 * The Triple Exponential Moving Average (TEMA) uses three Exponential Moving Average (EMA)
 * to reduce noise and still get close to latest prices.
 * It can be used to identify support and resistance levels.
 * Also prices above the TEMA can indicate uptrends, prices below can indicate downtrends.
 *
 * @public
 */
export const tema = (values, period = 20) => F.pipe(AP.sequenceS(E.Applicative)({
    periodV: num.validatePositiveInteger(period),
    valuesV: arr.validateRequiredSize(3 * period - 2)(values),
}), E.bind('valuesB', ({ valuesV }) => arr.toBig(valuesV)), E.bind('emaOne', ({ valuesB, periodV }) => emaC(valuesB, periodV)), E.bind('emaTwo', ({ emaOne, periodV }) => emaC(emaOne, periodV)), E.bind('emaThree', ({ emaTwo, periodV }) => emaC(emaTwo, periodV)), E.map(({ emaOne, emaTwo, emaThree, periodV }) => calculate(emaOne, emaTwo, emaThree, periodV)));