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Triangular Moving Average
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=72993
Forum: 17 · Topic 72993 · 3 post(s)
Triangular Moving Average
Apprentice · Thu Dec 01, 2022 5:00 am
The Triangular Moving Average (TMA) is similar to other moving averages (exponential and weighted) except it uses a different weighting scheme. Exponential and weighted moving averages assign the majority of the weight to the most recent data. Simple moving averages assign the weight equally across all the data. With a triangular moving average, it is double smoother (it is averaged twice) so the majority of the weight is assigned to the middle portion of the data.
The triangular moving average (TMA) is a weighted average of the last n prices (P), whose result is equivalent to a double-smoothed simple moving average:
SMA = (P1 + P2 + P3 + P4 + … + Pn) / n TMA = (SMA1 + SMA2 + SMA3 + SMA4 + … SMAn) / n
Re-Averaged Moving Average
Apprentice · Thu Dec 01, 2022 12:34 pm
Re-Averaged Moving Average will allow you to Re-Averaged the data as many times as you want.
Number of Re-Averaging 1 - Regular MA MA of Price 2 - Triangular Moving Average MA of MA of Price 3 - MA of MA of MA of Price …
Re-Averaged Moving Average.lua
Re-Averaged Moving Average Band
Apprentice · Thu Dec 01, 2022 1:27 pm
To Declutter the chart this version will only show the maximum, and minimum value of the Re-Averaged Moving Averages. Mean value between maximum and minimum, and the Last Re-Averaged Moving Average
Individual components are still here as an option.
Triangular Moving Average only