Britains 55 TMA shifted 21
March 3, 2016, 2:02 PM
Indicators
2 Comments
Trend identification, as bullish and bearish territories with this indicator, made of a 55 periods Triangular Moving Average shifted with its 21 previous value.
A small band is made of 2 over TMA plus and minus factorized ATR value.
//parameters
// fact = 0.13
// p = 55
// s = 21
a = TriangularAverage[p](close)
b = a[s]
atx = AverageTrueRange[13](close)
factor = atx * fact
hh = b + factor
l = b - factor
Return b AS "55 TMA MID", hh AS "55 TMA HIGH", l AS "55 TMA LOW"
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britains-55-tma-shift-21.itf
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