The main weight of triangular moving averages falls on the middle part of the price range.
In fact, they are double-smoothed simple moving averages. The length of simple moving averages depends on the parity of the selected number of periods.
The indicator view in the chart.
The indicator has the following parameters:
Settings
Period - setting of indicator calculation period.
Common
Source - setting of the indicator calculation parameters:
- Open
- High
- Low
- Close
- Volume
Drawing
Panel/Moving average period - selection of the indicator location in the chart:
- New panel
- Chart
Visualization
Show value - display of the indicator value on the price scale on the left.
Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.
Color - color setting of the indicator.
Visual type - visual setting of the indicator display in the chart:
- Line
- Histogram
- Hash
- Block
- Cross
- Square
- Dots
- Up arrow
- Down arrow
- Axis label
- Hide
Line style - setting of the line display style:
- Solid
- Dash
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
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