TMA Bands mentioned in few forums, mostly MT4,
Here the modification using fibo numbers.
This is the sample code given:
sample code
Here the modification using fibo numbers.
This is the sample code given:
sample code
Code:
_SECTION_BEGIN("TrueTMABand");
HalfLength = Param("HalfLength", 63, 1, 999);
ATRPeriod = Param("ATRPeriod", 110,1,1000);
ATRMultiplier1 = Param("ATR Multiplier 1", 2.1);
ATRMultiplier2 = Param("ATR Multiplier 2", 3.4);
ATRMultiplier3 = Param("ATR Multiplier 3", 5.5);
cMidB = ParamColor("Mid Band", colorGreen);
cUprB1 = ParamColor("Upper Band 1", colorRed);
cLwrB1 = ParamColor("Lower Band 1", colorBlue);
cUprB2 = ParamColor("Upper Band 2", colorRed);
cLwrB2 = ParamColor("Lower Band 2", colorBlue);
cUprB3 = ParamColor("Upper Band 3", colorRed);
cLwrB3 = ParamColor("Lower Band 3", colorBlue);
HalfLength=Max(HalfLength,1);
midBand = Null;
uprBand = Null;
LwrBand = Null;
iatr= ATR(ATRPeriod+10);
for (i=0; i<BarCount; i++)
{
dSum = (HalfLength+1)* Close[i];
sumw = (HalfLength+1);
for(j=1, k=HalfLength; j<=HalfLength; j++, k--)
{
if(i+j>=BarCount) break;
dSum += k* Close[i+j];
sumw += k;
if (j<=i)
{
dSum += k*Close[i-j];
sumw += k;
}
}
MidBand[i] = dSum/sumw;
}
UprBand1 = MidBand+iATR*ATRMultiplier1;
LwrBand1 = MidBand-iATR*ATRMultiplier1;
UprBand2 = MidBand+iATR*ATRMultiplier2;
LwrBand2 = MidBand-iATR*ATRMultiplier2;
UprBand3 = MidBand+iATR*ATRMultiplier3;
LwrBand3 = MidBand-iATR*ATRMultiplier3;
Plot(MidBand, "MidBand", cMidB);
Plot(UprBand1, "UprBand1", cUprB1);
Plot(LwrBand1, "LwrBand1", cLwrB1);
Plot(UprBand2, "UprBand2", cUprB2);
Plot(LwrBand2, "LwrBand2", cLwrB2);
Plot(UprBand3, "UprBand3", cUprB3);
Plot(LwrBand3, "LwrBand3", cLwrB3);
_SECTION_END();
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