I just wanted to clear your idea bout TMA ...bdunn wrote: ↑Wed Dec 04, 2019 11:44 pmDear Mr Tools, mladen & all coders:
Attached in this post is an old TMA Centered Bands, coded by mLaden from the good old days in TSD.
My very humble request is try to make this indicator more versatile and useful.
Can Mr Tools or any kind-hearted coders make this indicator MTF and, plot & alert any Out of Band action. Just like those TMA related indicators out there. But for this, it is NRP and quite useful.
Many many thanks in advance!
Bill from the TSD
You have talked about Centered TMA, well, mladen himself has said it on many occasions that Centered TMA (or TMA Centered) CANNOT be made NRP .. no matter what anyone says or claims. It is mathematically designed to recalculate the half-length period. This doesn't mean that its a repainter. NO, it is mathematically perfect like the Fourier. You just need to know how to use it.
The other one is TMA which is nothing but LWMA. This is NRP and you have that in your MT4.
If you are interested in the NRP TMA (LWMA), you can look at the TMA thread where you may find a few TMA channels with alerts, if not mistaken