Tma + cg
here I post the TMA+CG band indicator, You can see how it looks like on the screenshot below:
Tma + cg
Thank you for this indicator
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.
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
what does blue and red crosses indicate in upper and lower bands indicate?
TMA+CG indicator on XAUUSD
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..
Thank you Ziemo.
As usual I been fiddling and found this.....
Lets test this M5.....
If you use a 5 digit broker change in settings 25 to 250.......