Triangular Moving Average (TMA) Bands

KelvinHand

Well-Known Member
#1
TMA Bands mentioned in few forums, Here the modified sample using fibo numbers.

You need to drag n drop to the price chart.

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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