Extreme_TMA_Line

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Re: c

Postby Apprentice » Wed Apr 06, 2022 9:47 am

As an Extreme_TMA_Line-based indicator that will draw a channel.
The central line will be MA of Extreme_TMA_Line
Top Line max of last X candles.
Bottom as min of last X candles.
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Re: Extreme_TMA_Line

Postby Gilles » Wed Apr 06, 2022 11:23 am

Hi Apprentice,
That's right.
Applying the MINMAX_MA to the source allows EXTREME_TMA_LINE to filter out false signals related to Redraw.
Redraw is an indispensable feature to ensure the perfect smoothing of the TMA with each new price change.
Indeed, MINMAX_MA will represent a centered line between the minimum/maximum variations of the EXTREME_TMA_LINE line over N periods.

Thank you very much :)
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Capture d’écran 2022-04-06 180638.png
MINMAX_MA(EXTREME_TMA_LINE(instrument, 15, 100, 2, 0.5).TMA, 5)
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Re: Extreme_TMA_Line

Postby Apprentice » Sat Apr 09, 2022 11:55 am

Your request is added to the development list.
Development reference 211.
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