Author: Matias Romeo
Today, we’re diving into the TMA (Triangular Moving Average) indicator, a powerful tool for traders using MetaTrader 4. This indicator focuses on the core of the price series, utilizing double-smoothed simple moving averages to help you make informed decisions.
One interesting aspect of the TMA is that its length is determined by whether you choose an even or odd number of periods. Let’s break down how to calculate the TMA step-by-step:
Steps for TMA Calculation:
- 1. Start by adding 1 to the number of periods of the first Moving Average.
- 2. Divide the result by 2.
- 3. If you end up with a fraction, round it up to the nearest whole number.
- 4. Calculate the simple Moving Average of the closing prices using the period you just obtained.
- 5. Finally, take the value from step 3 and use it to calculate the simple Moving Average of the Moving Average you found in step 4.
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