Forex Triangular Moving Average MT4 Indicator

Forex Triangular Moving Average MT4 Indicator:

About the Forex Triangular Moving Average MT4 Indicator

This is triangular moving average(TMS).

TMS uses Simple Moving Averages for moving average calculation.

If TMA periods is 5,five SMAs are used for calculation.

TMA weights middle part of the price series.

In other words,TMA isĀ less noisy and more accurate.

Input Parameters

  • TMAPeriods —– Defines perids for TMA calculation.
  • ModeForTMA —– Defines mode for TMA calculation.This is normally SMA.
  • AppliedPriceForTMA —– Defines applied price for TMA calculation.
  • ShowNormalMA —–Show normal moving average for comparison.
  • MAPeriods —– Defines perids for TMA calculation.
  • ModeForMA —– Defines mode for TMA calculation.
  • AppliedPriceForMA —– Defines applied price for TMA calculation.

How To Use

Set parameters.

Compare with normal MA with ShowNormalMA parameter.

Test results:

Forex Triangular Moving Average MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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