by Gilles » Wed Apr 06, 2022 11:23 am
Hi Apprentice,
That's right.
Applying the MINMAX_MA to the source allows EXTREME_TMA_LINE to filter out false signals related to Redraw.
Redraw is an indispensable feature to ensure the perfect smoothing of the TMA with each new price change.
Indeed, MINMAX_MA will represent a centered line between the minimum/maximum variations of the EXTREME_TMA_LINE line over N periods.
Thank you very much :)
- Attachments
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- MINMAX_MA(EXTREME_TMA_LINE(instrument, 15, 100, 2, 0.5).TMA, 5)