TMAGi Oscillator for Trend State and Directional Strength

Summary

TMAGi combines the spacing among three moving averages with the difference between the ADX system’s positive and negative directional indicators. It multiplies total moving-average separation by that directional difference, then plots the result with a short simple moving average and a longer weighted moving average. The sign and movement of the lines are intended to help distinguish upward, downward, and flat market states.

The document provides default periods for the three averages and both smoothing steps, along with an indicator implementation. It explains the ingredients but gives no chart examples, test results, entry or exit rules, or guidance for choosing parameters. The output therefore serves as a market-state visualization rather than a fully specified trading strategy; its usefulness may vary with instrument, timeframe, and parameter choices.

Key ideas

• The oscillator combines separation among three moving averages with the difference between positive and negative directional indicators.
• A simple average and a weighted average smooth the combined signal over different periods.
• The indicator is intended to help classify market direction as upward, downward, or flat.
• The document provides no performance evidence or complete rules for trading the signal.

Tags

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