TMA Classic
- Indicators
- Version: 1.0
TMA Classic – Overview of the Triangular Moving Average Indicator
The TMA Classic is a very simple and lightweight indicator that displays the Triangular Moving Average (TMA) as a single smooth line. It effectively removes excessive noise and captures the central movement of prices, making it useful for identifying trend direction and range-bound market conditions.
Since it only displays a single line, it offers high visibility on the chart without interfering with other indicators or candlestick price data.
Main Features
- Displays the Triangular Moving Average in real time as a smooth single line
- Less sensitive to short-term noise, visualizing the smooth flow of the trend
- Simple and lightweight design ideal for monitoring multiple currency pairs and timeframes simultaneously
- Useful for supporting trend judgment and narrowing entry timing
Calculation Logic Details
The Triangular Moving Average (TMA) is defined as a double-smoothed Simple Moving Average (SMA). This method produces a smoother line by applying the SMA twice, helping to filter out random short-term fluctuations and better visualize overall price movement.
| Definition | TMA(n) = SMA( SMA(Close, n), n ) |
|---|---|
| Parameters | n: period (e.g., 20) Close: closing price (modifiable) SMA: Simple Moving Average |
In trading, the position of price relative to the TMA line can serve as a guideline for trend direction and strength — prices above the TMA indicate an uptrend, below indicate a downtrend.
Parameters
| Parameter Name | Description |
|---|---|
| Period | Base period for the Triangular Moving Average (e.g., 20) |
| ApplyPrice | Applied price (Close, Open, High, Low, etc.) |
| LineColor | Color of the TMA line |
| LineWidth | Thickness of the line |
Usage
- In trending markets, hold positions along the TMA line and use its slope to confirm trend direction
- In ranging markets, flat TMA lines can help identify periods to avoid entering trades
- Applicable for both discretionary trading and as an analytical aid for automated trading
Notes
- The TMA calculation involves some lag, so it is recommended for grasping overall market flow rather than providing fast signals
- This indicator displays only a line; it does not include bands or alert functions
This indicator is developed and provided by TOKYO-EA. For high-quality and practical FX trading tools, please search for “TOKYO-EA”.
