TMA and centered TMA metatrader 5 versions ...
To round up this thread added metatrader 5 versions of triangular moving average (TMA) as well as the centered triangular moving average (TMA centered). Both have slope coloring added and some additional prices choices. All said about the metatrader 4 versions of these indicators stands for metatrader 5 versions too
And which makes the answer to the following question obvious : can it be "end-pointed" as SSA in order to make it non-repainting. The answer is yes and linear weighted moving average (LWMA) is the end-pointed centered TMA (so it is the non-repainting version of the centered TMA)
HI Mladen ,
Thanks for all your explanations.
I have modified Keltner channel to do Tma Channel End-Point.
Would it be possible to add the "slope coloring" feature to the MetaTrader 4 versions of TMA and TMAcentered??
Non repaint TmaSlope Indicator
This TmaSlope2 indicator works well with any forex pairs but doesn't work with Index and Commodity futures !!!
Can any master coder please fix this problem or explain why does it happen ?
Thanks in advance
What's the name of that other (multicolored) channel that is not squeezed by atr ? Can i take a look at it ?
It seems that someone has read this thread since that is a LWMA slope Anyway, it is "normalizing" values to pips and that is why it will work good only on some time frames (5 minutes for example - try it on daily or weekly and you will see what I mean) and on some forex symbols. So wherever the expected pip values and changes are not as in, fr example, 5 minute EURUSD, it will not work as expected
Got it Master
It is Mladen Indicator : TriangularMA centered bands (but only elite section).
You can ask to Mladen .
Centered TMA bands ...
Since it was made so long ago and since some are already building systems around it, here it is (I think elite section members won't mind). Whatever was told for centered triangular moving average is valid for this indicator too : do not use it in any kind of signaling mode. It is meant to be used for estimations only
PS: the above settings are 50,0,100,2 (the longer the atr period, the smoother the bands are)
PPS: that is it's original name from the beginning. I never called it TMA bands and was always telling people what I said in the first paragraph of this post about how to use it and what it does
Thank you very much Mladen,
I took a look at it in visual backtesting and it gave very good trend following entries when the market was clearly trending. Had to narrow bands a bit though. It's the best bands indicator that I have seen. I'll be watching it more aside real trading.