Read this post regarding that addition and explanation what centered TMA is and what the endpointed (the "non-repainting) version of centered TMA is : tma-triangular-moving-average-indicator ... 1294904978 (those bands are actually lwma + atr)TransparentTrader wrote: Sun Aug 11, 2024 3:45 am kvak, mrtools, and all the wonderful programmers here: I think there's a way we can make this indicator far more useful.
I noticed the popular NinjaTrader indicator store Ninza has their own version of the TMA called "Magical TMA Bands".
You'd think it's no different from what we already have available for MT4, except this part caught my attention:
I'll attach some of the pictures from the product page below so you can see what this looks like:
MagicalTMABands13-X2.png
MagicalTMABands12-X2.png
MagicalTMABands11-X2.png
MagicalTMABands10-X2.png
MagicalTMABands9-X2.png
MagicalTMABands8-X2.png
Here is my request: Is there any way we can add an "original upper bound & original lower bound" option to the TMA indicator?
I think this option will do serious wonders for backtesting and significantly solve the repainting problem. In particular, it will allow us to better evaluate which non-repainting indicators would be best paired with the TMA bands to provide the most accurate reversal/trend signals possible.
And if nothing else, this PDF manual on the product page is a must-read for anybody who uses the TMA bands as part of their trading system.
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PS: centered TMA as is was created some 15 years ago and it was created for metatrader 4 (along with detailed explanations what it is and what it does and what is the end-point version of it). All the rest (tw versions, NinjaTrader versions, ...) were created after that and were based (as almost 90% of those "new" indicators on those new platforms) on metatrader 4 freely published versions (ie: they are mt indicators converted to some other platforms)
Very rarely there are trading platforms that were preceding mt but they were rather closed as far as publishing code is concerned (like, for example, tradestation) and most of the code published as open source is in fact mt code