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Triangular Moving Averages

The Moving Average Triangular indicator measures a simple arithmetic average of prices, specified by the input Price and creates a simple arithmetic average of this average. The length of every of these averages is one more than half the value specified in the input Length, rounded to a whole number. This uses all the price data from the latest number of bars specified by the input Length, but with the smoothing effect of so-called averaging the average.

A moving average is usually used for identification of a trend. The direction in which the average is shifting, the prices' relative position, and the moving average are extremely important. Declining moving average values and prices below the moving average demonstrate a downshift. Rising moving average values "direction" and prices above the moving average "position" demonstrate an up shift. While a displaced moving average forms, the moving average value of a previous bar or later bar on the ongoing bar.

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