triangular moving average
Info
The triangular moving average is a Indicator for MetaTrader 5 that theory: triangular moving average is a sort of a weighted moving average that is known for very smooth results. the weights in the triangular moving average are adding more weight to central values of the averaged data.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use triangular moving average
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.
What this tool does
theory: triangular moving average is a sort of a weighted moving average that is known for very smooth results.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Quantora Moving Average Dashboard MT5 - Professional EMA SMA Trend Analysis - another powerful indicator for MetaTrader 5 traders.
Also recommended: Relative Moving Average (RMA) Indicator for MT5 - similar indicator with strong performance on MetaTrader 5.
theory:triangular moving average is a sort of a weighted moving average that is known for very smooth results. the weights in the triangular moving average are adding more weight to central values of the averaged data. hence the coefficients are specifically distributed. some of the examples that can give a clear picture of the coefficients progression:
and so on and on ...
there are several implementations and definitions of the triangular moving average. some are accurate and some are not (the "not accurate" never realized that you can not have same average value for odd and even period). some are actually a funny interpretation of what has been talked about triangular moving average over and over. the accurate methods mainly lack only one thing : they are looped over and over and for longer periods the execution speed becomes critical.
solves the execution speed while producing accurate results (there are no same average values for odd and even periods :))
usage:
you can use the color change as signal. be advised that, unlike the many that are mixing centered tma with the tma, this is not the centered tma and it does not recalculate / repaint.
You may also like: multi-timeframe moving average indicator (v03) - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.