And the end ...And for the end : one thing that is less known.
The way how the centered triangular moving average is extrapolated makes the current bars value equal to one very well known moving average : linear weighted moving average.
Current bar value of centered TMA is exactly the same as half length + 1 period LWMA
Here is an example at which it is obvious that at the end points they are exactly the same : red is the TMA centered and blue is the LWMA
And which makes the answer to the following question obvious : can it be "end-pointed" as SSA in order to make it non-repainting.
A non-repainting Centered TMA is possible. Here's the alternative:
The answer is yes and Linear Weighted Moving Average (LWMA) is the end-pointed centered TMA (so it is the non-repainting version of the centered TMA).
Now, that would be all. I just hope that my daily regular emails about TMA will lessen now that this is explained ...
As it is obvious, it is a fairly good tool for estimation (the work of Brian Millard regarding this subject is very significant and I recommend everybody that can read his book about to do so - it might help understanding what were they after) but there is no magic nor wonder in it.
PS: For a Smoothed version of LWMA, please see here: Smoothed LWMA for MT4.
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Re: TMA - Triangular Moving Average indicators MT4
mladen, Thu Apr 07, 2022 3:24 pm