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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 and 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 upshift. While a displaced moving average forms the moving average value of a previous bar or later bar on the ongoing bar.