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2016.04.26 16:28
Indicators

TMA - indicator for MetaTrader 4

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TMA.mq4 (3.25 KB)view
Author: Matias Romeo
The main weight goes for the average part of the price series. In fact, they are double-smoothed simple moving averages. The simple Moving Averages' length depends on evenness or oddness of the chosen number of periods. Operations for TMA calculation:

  • 1. To the number of periods of Moving Average 1 is added.
  • 2. The received sum is divided to 2.
  • 3. If the result was released fraction, it is rounded up to a whole.
  • 4. The simple Moving Average of close prices with the number of periods obtained up to point 3 is calculated.
  • 5. Again using the value obtained up to point 3 the simple Moving Average calculated by point 4 is calculated.

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/7375

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