Triangulate Moving Average trading indicator for MetaTrader 4 – Here, the focus is on the middle part of the price series.
In fact, they are double-smoothed simple moving averages. The Simple Moving Averages’ length depends on evenness or oddness of the chosen number of periods.
- To the number of periods of Moving Average 1 is added
- The received sum is divided into 2
- If the result was released fraction, it is rounded up to a whole
- The Simple Moving Average of close prices with the number of periods obtained in point 3 is calculated
- By using the value obtained in point 3 again, the simple
- Moving Average of the Moving Average calculated in point 4 is calculated