mntiwana wrote: Sun Sep 16, 2018 5:18 pm
what ever name given to this it is most probably alike "fast tma line" - and is repainting one
just some common thoughts on TMA;
The fact that everything that "recalculates" is bad is not correct. The most common mistake that users make is, generally they look at every indicator from the "signalling" point of view. Which is where the failure happens. TMA should never be looked at as a signal indicator. Anything that looks at extreme will have to recalculate.
TMA is a "not" is a signal indicator.
when it comes to TMA, I really like the concept behind centred TMA because it is one of the few that can give an early idea about the swing. As we all know, all non-repainting indicators lag. The disadvantage with TMA based methods is that you cant make an EA, this has to be a manual method only. Anyway, I don't like EA.
most of the centred TMA indicators use mladens code as a base and we have some good quality indicators from mladen and mrtools. recently I looked at mrtools cfb based TMA. We need to combine TMA with other indicators and that's my journey is all about
generally, people run away from repainting indicators because of the volume of junk/crap/bad/ugly/smelly indicators that have plagued the market with getting rich quick scheme
this happens becuase generlly the users (can we say majority) are too impatient to understand what goes behind.