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Mladen, Mr. tools first of all i wish you happy new year and also your family. I red your TMA post but maybe i could not understand exactly because of my poor english. I understand that ,f tma is together with lwma, it will not repaint. Is that right?. If yes or no please could you advise me nrp tma on chart bands with nmc ? Regards
tomitom06
When people ask for "non repainting centered triangular moving average" the answer is that LWMA is the non repainting centered TMA. TMA itself (triangular moving average - the regular one, not the centred one) is non-repainting by itself already
tomitom06 When people ask for "non repainting centered triangular moving average" the answer is that LWMA is the non repainting centered TMA. TMA itself (triangular moving average - the regular one, not the centred one) is non-repainting by itself already
Dear Mladen
this also is NRP I guess "TMA nrp"
Am I right?
Talaat
Dear Mladen
this also is NRP I guess "TMA nrp"
Am I right?
TalaatTalaat E
Yes. That is the "regular" triangular moving average. Does not repaint either
Hj MrGreat Mladen
Can you guide me to that indicator you mentioned about LWMA
Thanks
Talaat E
Hj MrGreat Mladen
Can you guide me to that indicator you mentioned about LWMA
Thanks
Talaat ETalaat E
Just take the built in moving average and chose linear weighted moving average for type. That is the non-repainting centered triangular moving average
Talaat E Just take the built in moving average and chose linear weighted moving average for type. That is the non-repainting centered triangular moving average
Thanks Mladen, however, after I read your answer, please forgive me my stupidness.
Talaat E
al_badaru Did you read this post : https://www.mql5.com/en/forum/181241
thanks so much for respond mladen.
i have question:
1. TMA not for signaling, so what for ? etc overbought/sold or what ?
2. how do you think about two line LWMA cross ? can that combine with TMA for signaling ?
3. why LWMA ? why not SMA / EMA ? is tha LWMA better ?
thanks for advice
sorry my poor english
best regard
thanks so much for respond mladen.
i have question:
1. TMA not for signaling, so what for ? etc overbought/sold or what ?
2. how do you think about two line LWMA cross ? can that combine with TMA for signaling ?
3. why LWMA ? why not SMA / EMA ? is tha LWMA better ?
thanks for advice
sorry my poor english
best regard1 : TMA and centered TMA are not same thing. You are referring to centered TMA. To see what and how a centered TMA should be used best is to find this book : Amazon.com: Channels and Cycles: A Tribute to J. M. Hurst (9780934380508): Brian J. Millard: Books (just one sentence from it : Brian Millard states that no average can be compared to it)
2. Linear weighted moving average (LWMA) is a rather fast moving average and that is why it is frequently used
3. There is no such thing as best moving average (except maybe for the "one more average" - OMA ). It is all up to how one uses the averages - the most used average us SMA 200 that is widely used for long term trend determination by a lot of professional traders - so even the simplest average can be used profitably
thanks so much for respond mladen.
i have question:
1. TMA not for signaling, so what for ? etc overbought/sold or what ?
2. how do you think about two line LWMA cross ? can that combine with TMA for signaling ?
3. why LWMA ? why not SMA / EMA ? is tha LWMA better ?
thanks for advice
sorry my poor english
best regardAl_badaru, this is one example of using TMA Centered sort of in a way Hurst describes, with the cross being 50% of the move so on the daily chart, according to the Hurst writings(if i understand correctly) the bottom of this latest down move by EurUsd, should stall around 1.21215 +- 10%.
1 : TMA and centered TMA are not same thing. You are referring to centered TMA. To see what and how a centered TMA should be used best is to find this book : Amazon.com: Channels and Cycles: A Tribute to J. M. Hurst (9780934380508): Brian J. Millard: Books (just one sentence from it : Brian Millard states that no average can be compared to it)
2. Linear weighted moving average (LWMA) is a rather fast moving average and that is why it is frequently used
3. There is no such thing as best moving average (except maybe for the "one more average" - OMA ). It is all up to how one uses the averages - the most used average us SMA 200 that is widely used for long term trend determination by a lot of professional traders - so even the simplest average can be used profitablythanks mladen for quick respon,,
1. i know TMA and centered TMA is different, hard to firead that book. but give me a little clue about how to use that (TMA / centered TMA) please...
2. Then, for SMA, what do you prefer SMA periods for mid-term (intraday) ?
3. Can you show me the best averages setting periods for cross two averages.
thanks so much mr mladen
you are the best
best regards
badaru