Fig.1 The TMA indicator

TMA – indicator MetaTrader 5

by

The real author:

Matias Romeo

Triangular Moving Average (TMA). The main weight goes for the average part of the price series. In fact, the Moving Average is a double smoothed simple Moving Average.

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. 
Alternative:  AbsolutelyNoLagLwma_Digit_HTF - indicator MetaTrader 5

 This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 19.10.2007. 

Fig.1 The TMA indicator

Fig.1 The TMA indicator 


TMA – indicator MetaTrader 5
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