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.
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.
Dreadblitz
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@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.