TMA center channel bands

TMA center channel bands

Here is another channel upper and lower bands indicator, this one is made of a centered Triangular Moving Average with classic deviation from this mean, made of plus and minus ATR multiplicated value. Quiet popular in the forex trading community, it is the base of many more or less sophisticated strategy, do your homework with this one, you’ll find it is valuable for different market phase.

 

 

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  1. Ermitage • 02/13/2016 #

    Hello
    please have you got the opportunity to modify code in order to obtain a centered simple moving avarage? thanks

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