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 :)
Attachments
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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Re: Extreme_TMA_Line

Postby Gilles » Mon Jul 25, 2022 1:08 pm

Hi Apprentice,

Please, is it possible to convert Tick_Extreme_TMA_Line.lua for MT4 ?

Thank you very much :) !
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Re: Extreme_TMA_Line

Postby Apprentice » Wed Jul 27, 2022 2:02 am

We have added your request to the development list.
Development reference 445.
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Re: Extreme_TMA_Line

Postby Gilles » Thu Jun 29, 2023 1:55 pm

Hi Apprentice,
Would it be possible to get a numerical example to better understand how to obtain an Extreme_TMA_Line?
I would like to replicate this calculation in Excel.
Appreciating an indicator is a first step, but understanding it is essential to me.
Thank you in advance for your response.
Thank you very much.
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Re: Extreme_TMA_Line

Postby Apprentice » Sat Jul 01, 2023 5:59 am

We have added your request to the development list.
Development reference 568.
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