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2016.05.16 09:30
TMA

TMA - indicator for MetaTrader 4

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1556
Rating:
votes: 2
Author: Matias Romeo

Here, the focus is on the middle 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 in point 3 is calculated.
  • 5. By using the value obtained in point 3 again, the simple
  • Moving Average of the Moving Average calculated in point 4 is calculated.

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/7433

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