Customer Support : 020-61923200, [email protected] | Call and Trade : 020-61923220
Concept: Definedge
Period 1: 5
Period 2: 15
Period 3: 20
The moving average is used as a trend following indicator. By selecting the triple moving average indicator, the user will be able to plot three moving average lines at once on the chart.
Based on the triple moving average indicator, the TMA trend indicator indicates the strength of the trend.
If TMA trend indicator shows a green zone, it shows that the price and moving average are well-placed and that the trend is bullish, and when it shows a red zone, it indicates that the price and moving average are in a bearish mode and the trend is bearish.
The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.
This indicator is also available in the System Builder of RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.
The indicator is applicable to all types of charting. Calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.