If you're looking to enhance your trading toolkit, let me introduce you to TriMAgen, a powerful indicator based on the Triangular Moving Average, crafted by the renowned J. Ehlers. This tool can add a new layer of insight to your trading strategy.
TriMAgen is straightforward to use, featuring two key input parameters:
- Period - This defines the calculation period you want to analyze.
- Applied Price - This is the price point you'll use for your calculations.
How It Works:
The calculation behind TriMAgen is quite simple:
TriMAgen = SUM / Len2
Here's what you need to know:
SUM = sum of SMA(Applied price, Len1) within the Len2 range
Len1 = Floor((Period + 1.0) / 2)
Len2 = Ceil((Period + 1.0) / 2)
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