Time_Averged_MA - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
Time Average Moving Average is a price indicator based on time average . It draws a smooth line whose values are calculated based on prices within a specified range.
It has four inputs:
TAMA = MA(TAP, smoothing period, smoothing method)
TAP calculation depends on the selected calculation price (application price):
Min, Max - the lowest and highest price within the period range
Time average prices do not need to be calculated.
Figure 1. Time average MA, closing price
Figure 2. Time Average MA, High
Figure 3. Time Average MA, Low
Figure 4. Time average MA, median
Figure 5. Time average MA, weighted
Attachment download
📎 time_averaged_ma.mq5 (11.57 KB)
Source: MQL5 #22514
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