Banzai wrote: Fri Aug 16, 2019 4:37 am No more templates. I give you the TMA ATR Channel indicator from ATR Multiplier 1.618 to 3.236.
It has Multi-Time Frame and alerts when the prices hit one of the band in the channel.

For the prices, you get to choose from the basic 7: Close, Open, High, Low, Median, Typical, or Weighted.

Not for sale, rent, auction, nor lease

Ronin wrote: Tue May 04, 2021 9:31 pm this is a great tool!

fellow traders, may i seek some guidance on this indicator:

is it repainting and/or recalculating after the candle closes?

also, any chance there is an MT5 version?

thanks!

Kiwi wrote: Wed May 05, 2021 9:53 am Hi Ronin

If you want to know how TMA works, read the beginning of the tread. It gives a detailed description.

Ronin wrote: Fri May 07, 2021 2:57 pm Friends, on the same topic again, as posted just above.

Referring to this indicator posted by Banzai:

TMA ATR Channel (post #287 above):
viewtopic.php?p=1295394026#p1295394026

Same question as Mikepilot89's post #296 (not answered)

I am finding this indicator extremely useful, but find i need to understand it a little better.

Digging deeper, based on what i have read on this forum, centred TMA is recalculating and therefore repainting and regular TMA is not - it is simply double-smoothed.

My question is - is the indicator TMA ATR Channel a centred TMA or not? I am guessing it is centred, based on the smoothness of the centreline.

Apologies for my 'greenness', but i simply can't tell from the code and inputs.

Any help / guidance appreciated.

Thanks in advance!

Ogee wrote: Fri May 07, 2021 3:49 pm Hi, yes the 'centred' TMA recalculates the previous x number of candles on each new candle to smooth the curve.

Below is one with a 'Redraw' True/False input function so you can compare.

Ronin wrote: Sun May 09, 2021 2:59 pm Hello Ogee, thanks very much for the reply.

Does this mean to say that with this extreme TMA indicator, i am turning centering on and off by toggling between redraw True and False?

Therefore if redraw is off, the extreme TMA becomes a normal TMA without centering?

Thanks in advance!

Ogee wrote: Sun May 09, 2021 5:25 pm I'm not a coding expert but I believe that's correct. If you run the indicator on a simulator at high speed you can see, when the redraw is set to True, the lines of the last 10 odd candles slightly rearrange on each new candle close. When redraw is set to false there is no recalculation.

Ronin wrote: Mon May 10, 2021 6:28 pm sounds right ogee. i also tested against the 'true tma' indicator and both that and 'ext tma' match exactly when the latter is set to no redraw.

that said, do we have any standard (non centering) tma indicators that have multiple atr bands?

no luck finding one so far...