Hi mladen, mntiwana, mrtools and all great coders of forex-station;
Got few questions about the TMA indicator.
Let's get the facts correct, TMA is repainting indicator and I like it that way. mladen and others have explained it so many times the nature and use of repainting indicators.
From reading the forums, I understand that it was mladen who coded the first TMA (which was a quite a challenge) and since then there are few variants floating around. if not mistaken, the first version is named TMAdCG.
Then there is a version of TMA which uses LWMA for the center line like the "TMA centered bands.mq4" etc.
When I put them on the chart, almost all of them presents a different picture. See, charts below;
All of the above use 2.0 for the deviation band.
I'm very keen to know which one of them is/are the REAL TMA that is mathematically correct (Sure the first version is correct) and that repaints as moving. With half-length set to 56, when there is a rally as in the picture, I expect the TMA to adjust after some time, not immediately.
Any other or new version of TMA ?
What will be the ideal setting for half length, ATR and deviation?
Any other recommendation for someone who wishes to look at TMA ?
Thank you for your time.