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Are you wanting the Triangular Moving Average bands? Is this not stock in NT7 and NT8?
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- Trade what you see. Invest in what you believe -
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Just thinking...the Belkhayate Center of Gravity is similar to TMA, although it does repaint. Again, still probably not what you are looking for but wanted to throw it out there.
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- Trade what you see. Invest in what you believe -
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well thank you but the prc really isn't the same
i finally ended up with coding the tma bands for nt8 by myself.
In case somebody is interested in it, here it is.
cheers,
mike
I never lose. I either win or learn. Nelson Mandela
well to use the TMA Bands for your trading you need to know what you are dealing with. These Bands are often sold by pointing out some historical trades off the bands and thats just ridiculous. They are repainting the Bars defined in "HalfLength" and that's fine. It is quite similar in concept like a linear regression channel.
I like this indicator because it gives you a quick (and beautiful) view of historical price swings and direction. For trading itself they can be used together with supply and demand zones or/and an oscillator for mean reversion and trend trading.
There is no magic included so like with every other tool, you need to have a solid trading plan and be able to read price action. But if you use it to "buy low and sell high" i find this indicator pretty valuable.
Cheers,
Mike
I never lose. I either win or learn. Nelson Mandela
First of all is check PriceAction what buyers n sellers are doing... and after that the indicators is just for draw with "figures (for example, the bands" what the PA is telling me.
I dont trade only indicators, for my point or view is a "Suicide" hahaha. But im always happy to read what the other traders are watching with the "same thing".
Can i ask what is ur pink/magenta at the candles? Is the POC?
Thanks for sharing your TMA bands, I’ve been using TMA for a long time but never considered an envelope version of the ma. I haven’t had a chance to test it yet - does it constantly recalculate (repaint) or does it post fixed values?
