Triangular Moving Average (TMA)

A Triangular Moving Average is also considered as a weighted moving average, only if the weighed moving average applies more weights to the more recent time bars, the Triangular Moving Average will apply the majority of its weight to the center of the time range.

Why should I use it?

Traders who use the Triangular Moving Average assume that the most important period for price average calculation is the middle period. For instance, if you open a 14 period TMA, the 7th bar and the 8th bar would be considered the most important, and the TMA will apply the highest weight to these bars.
Use the TMA if you believe the middle bars of the time range are the most important for a better representation of a moving average line.
This is in contrast to a Simple moving average which regards every bar as equal, or an Exponential and Weighted moving averages which apply most of the weight to the last bars on your chart.

How does it look like?

The TMA looks just like a Simple Moving Average, a single line on the chart which indicates an average price for each period.

How does it work?

Anything that you can do with a simple moving average, you can apply to the Triangular Moving Average
It can define the market direction, spot possible support and resistance levels or a possible change in the market's trend.

Example

Below, the Triangular Moving Average is becoming steeper and steeper as it moves up. The price is trading mostly above the TMA, this indicates the market is in a strong uptrend.