Triangular Moving Average Convergence/Divergence oscillator – MACD based on TriMA.
It has four inputs:
- Fast TriMA period – fast TriMA period
- Slow TriMA period – slow TriMA period
- Signal period – signal line period
- Applied price
Calculation:
TMACD = SMA(FastMA, PeriodFast) – SMA(SlowMA, PeriodSlow))
Signal = SMA(TMACD, Signal period)
where:
FastMA = SMA(Applied price, PeriodFast)
SlowMA = SMA(Applied price, PeriodSlow)
PeriodFast = Floor(Fast TriMA period/2)+1
PeriodSlow = Floor(Slow TriMA period/2)+1
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