Description
The Triangular Moving Average (TMA) is a study calculated as double-smoothed simple moving average (or SMA of SMA) of the price. The moving average is calculated for an interval being a half of the selected time period. This way, the emphasis is placed on the middle of the time period selected.
Input Parameters
| Parameter | Description |
|---|---|
price
|
The price used to calculate the average. |
length
|
The number of bars used to calculate the average. |
displace
|
The displacement of the TMA study, in bars. Positive values signify a backward displacement. |
Plots
| Plot | Description |
|---|---|
AvgTri
|
The Triangular Moving Average. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.