TMAGi: Combining Moving Average Spacing with ADX Direction

Summary

TMAGi is an oscillator intended to classify market conditions as rising, falling, or flat. It combines three simple moving averages with the difference between the ADX indicator’s positive and negative directional lines. The raw value multiplies the sum of the pairwise absolute distances between the three averages by that directional difference; separate simple and linear weighted moving averages then smooth the result.

The description lists seven configurable inputs, covering the ADX period, moving average periods, smoothing periods, and applied price. It explains the indicator’s construction but provides no signal thresholds, entry or exit rules, chart examples, or performance testing. Traders would need to decide how to interpret the smoothed outputs and validate them on their own data. The page is a formula description rather than evidence that the indicator predicts market direction or improves a strategy.

Key ideas

• TMAGi combines three simple moving averages with the ADX positive-minus-negative directional value.
• Its raw measure weights directional strength by the pairwise spacing among the three averages.
• Simple and linear weighted moving averages provide two separately smoothed outputs.
• The description gives no trading rules or backtest results, so practical use requires independent validation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.