TMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
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Triangular Moving Average (TMA). The main weight is the average part of the price series. In fact, the moving average is a double-smoothed simple moving average.
The length of a simple moving average depends on whether it is an even or odd number of periods chosen. TMA calculation operations:
The indicator was first implemented in MQL4 and published in the code base of mql4.com on October 19, 2007.
Figure 1 TMA indicator
Attachment download
📎tma.mq5 (5.21 KB)
Source: MQL5 #1450
TMA - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
TMA - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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