FXCodeBase.COM: Forex Chart Indicators and Development

The Triangular Moving Average (TMA) is similar to other moving averages (exponential and weighted) except it uses a different weighting scheme. Exponential and weighted moving averages assign the majority of the weight to the most recent data. Simple moving averages assign the weight equally across all the data. With a triangular moving average, it is double smoother (it is averaged twice) so the majority of the weight is assigned to the middle portion of the data.

The triangular moving average (TMA) is a weighted average of the last n prices (P), whose result is equivalent to a double-smoothed simple moving average:

SMA = (P1 + P2 + P3 + P4 + ... + Pn) / n
TMA = (SMA1 + SMA2 + SMA3 + SMA4 + ... SMAn) / n

Re-Averaged Moving Average will allow you to Re-Averaged the data as many times as you want.

Number of Re-Averaging
1 - Regular MA
MA of Price
2 - Triangular Moving Average
MA of MA of Price
3 - MA of MA of MA of Price
...

To Declutter the chart this version will only show
the maximum, and minimum value of the Re-Averaged Moving Averages.
Mean value between maximum and minimum,
and the Last Re-Averaged Moving Average

Individual components are still here as an option.


Triangular Moving Average only