Time Averaged MA
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Time Averaged MA
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
Time Averaged Moving Average is a moving average based on . It draws a smoothed line with its values calculated by prices in a specified range.
It has four inputs:
Period
- calculation period
Applied price
Smoothing period
Smoothing method
Calculation:
TAMA = MA(TAP, Smoothing period, Smoothing method)
where:
TAP calculation depends on the selected calculation price (Applied price):
Close price: TAP = Close[Period-1]
Open price: TAP = Open[Period-1]
High price: TAP = Max
Low price: TAP = Min
Median price: TAP = (Max+Min)/2.0
Typical price: TAP = (Max+Min+Close)/3.0
Weighted price: TAP = (Max+Min+2.0*Close)/4.0
Min, Max - Low and High prices in the Period range
is not required for calculation.
Fig. 1. Time Averaged MA, Close
Fig. 2. Time Averaged MA, High
Fig. 3. Time Averaged MA, Low
Fig. 4. Time Averaged MA, Median
Fig. 5. Time Averaged MA, Weighted
