Dreadblitz

TMMS Oscillator

The TMMS oscillator ( aka “Trading Made More Simpler”) is an indicator made of conditions based on both 2 separated Stochastic and 1 RSI .

Bullish zone is green and bearish one is red. When the histogram is grey, no signals is available at that time.

The indicator has an option to show the current trend of an Hull moving average (ascending or descending curve). When the trend is up, green dots are plotted on the zero line. When the trend is down, the dots are coloured in red.

Greetings, success with your trade!!!
Remove from Favorite Scripts Add to Favorite Scripts

Comments

Can you please explainthe hull moving average calculations on lines 33 and 34? Why round(6)? Is something missing?
I'm used to the formula hma = wma(2*wma(close,n/2)-wma(close,n),sqrt(n)) where n is the length.
Can you please give some hints on how to use this indicator? Thanks.
Reply
Dreadblitz sal157011
@sal157011, hello how are you, it is another way of calculating that gives good results, is used in several known indicators, the formula you comment is correct and can be used, modify the code and compare the results, this is a matter of playing a little , greetings and success with your trade.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out