What in the world is up folks ??!??
Here's the indicator of the day. Sharing a simple one today because I'm busy coding for a few clients (fun life of a top script author on TradingView)
The TMA bands is an indicator that I discovered on FXCM a few years ago FXCM TMA bands
From the screenshot above, we see that when the price hits the lower band, it's a possible...
Triangular Moving Averages
TMA formula is prepared on the Tradingview so that everyone can easly access.
First, calculate the simple moving average ( SMA ):
SMA = (P1 + P2 + P3 + P4 + ... + PN ) / N
Then, take the average of all the SMA values to get TMA values.
TMA = (SMA1 + SMA2 + SMA3 + SMA4 + ... SMAN) / N
The TMA can also be expressed
Source : Close...
To see how far the price is from the average
link tma all in one
At the end, everytime prices return back to average values, and prices can move away until some distance. We can buy or sell with mixed prices, that can provide us better buy or sell average cost.
You can use this indicator in your...
Strategy based on the bilateral stochastic oscillator, this oscillator aim to detect trends and possible reversal points of the current trend. The oscillator is composed of 1 bull line in blue and 1 bear line in red as well as a signal line in orange, the strategy have many options such as two different strategy framework and a martingale mode. If...
This script is a crossing of eleven different MA, with alerts and SL and TP.
The simplest is what works best.
SMA --> Simple
EMA --> Exponential
WMA --> Weighted
VWMA --> Volume Weighted
SMMA --> Smoothed
DEMA --> Double Exponential
TEMA --> Triple Exponential
HMA --> Hull
TMA --> Triangular
SSMA --> SuperSmoother filter
ZEMA --> Zero Lag Exponential
As the name suggests, High low bands are two bands surrounding the underlying’s
price. These bands are generated from the triangular moving averages calculated
from the underlying’s price. The triangular moving average is, in turn, shifted
up and down by a fixed percentage. The bands, thus formed, are termed as High
low bands. The main theme and concept...