chessrhyme 2 posts msg #131401 - Ignore chessrhyme modified |
9/22/2016 10:13:34 AM
Hi,
I have searched the site thoroughly but I find that there is no default indicator for Triangular Moving Average (TMA). It is similar to WMA but more weighted to the recent price.
The formula of a period n TMA is given by:
TMA(n) = [SMA(1) + SMA(2) + SMA(3) + ... + SMA(n)] / n
TMA is important in cycle analysis because it is found to bear some relationship with Hurst's DMA, see here: http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=108037#p108037
So, if I have to do a TMA in SF, I will have to add them all up by myself. Like here is TMA(50):
Is there any smarter idea to do it?
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