Thread: Tma + cg

Hi Ziemo

Thank you for this indicator
Great one.

can you describe formulation of this? i was wondering if its a volume or time weighted average price/ moving average With the deviations. i tried comparing it to the mt4 envelopes and the difference was very distinct. great indicator. Also, i would like to ask if you adjust the standard deviation settings depending on the currency pair to capture about 97-98% of the price action w/in the bands. thanks

It is question for Ziemo.
He gave this indy out.
I have no idea how it works.
I use it always and still can not belive that it is so good.
That is the only problem for me.
Just incredible. No indicator that I know comes close to this one.
With some trending indicator it may do magic in trending market.
In sideways it stands all alone and majestic.
I agree with you.
This is very very very very very indicator that amazes me every day of trading.

yeah it looks like the envelope of a TWAP Time Weighted Average Price (the MA's that banks use). it is awesomer than the bollinger band. i can say that much. hello ziemo id just like to know what composes this indicator how i it formulated and stuff. thanks.

nopi:
not sure actually about the indicator used, but from the code its not a triangular moving average, rather something weighted as you say.
I have found this regarding the TWAP: http://www.tradestation.com/educatio...-average-price
cheers,
kor4x

what does blue and red crosses indicate in upper and lower bands indicate?

Hi guys,

sorry for the request but i'cant load on my MT4 version 392 of GoMarkets broker..

the platform became in not responding state and i must crash/close it..

specify i applicate that indicator on XAUUSD chart TF15 whit no others indicator but only TMA+CG.

why? please help me..

Regards
JJLKAZZARD

Thank you Ziemo.
As usual I been fiddling and found this.....