Dynamic triangular moving average

[Human]

I would like to create an indicator that uses a triangular moving average. Here is the hard part. I would like to shift the highest weight forward or back over the length of the moving average. I could have the weight all the way forward on the current bar, near the current bar, nearly back to the oldest data in the sampled period, or on the bar that will be dropped off next. The slope from the highest weighted bar to each end would be linear. Each end of the sample would always have the lowest weight unless the weight was shifted to the first or the last bar of the moving average length. Can this be done? I am most interested in learning how this could be coded in ThinkSript.

 

[halcyonguy]

I would like to create an indicator that uses a triangular moving average. Here is the hard part. I would like to shift the highest weight forward or back over the length of the moving average. I could have the weight all the way forward on the current bar, near the current bar, nearly back to the oldest data in the sampled period, or on the bar that will be dropped off next. The slope from the highest weighted bar to each end would be linear. Each end of the sample would always have the lowest weight unless the weight was shifted to the first or the last bar of the moving average length. Can this be done? I am most interested in learning how this could be coded in ThinkSript.

maybe this can be a starting point, for some experimenting.

this draws 1 or 2 lines, as a peak, over the last x bars on the chart.
the line(s) represent the weights.

change this to choose where the peak will be.
input peak_bars_back_from_last_bar = 3;
..if bar qty = 1, then 1 line, that is highest on last bar
..if bar qty = len, then 1 line, that is highest on first bar of len group
..else 2 lines that form a pyramid peak

i don't know what a triangle average is, so no comment on that.
when posting about something different, post a link that describes it, so others don't have to go searching.

i found this. looks to be an average of a set of averages
https://www.thebalancemoney.com/triangular-moving-average-tma-description-and-uses-1031203#:~:text=The triangular moving average (TMA) shows the average price of,a simple moving average would.

# weighted_avg_move_peak_00

#https://usethinkscript.com/threads/dynamic-triangular-moving-average.16252/
#Dynamic triangular moving average  Human  8/2  #1

# draw 1 or 2 lines, above the last len bars

def na = double.nan;
def bn = barnumber();

def lastbn = HighestAll(If(IsNaN(close), 0, bn));
def lastbar = if (bn == lastbn) then 1 else 0;
#def lastbar = !isnan(close[0]) and isnan(close[-1]);


input len = 10;
input peak_bars_back_from_last_bar = 3;
input peakht = 5;

def rngfirst = if (lastbn - len + 1) == bn then 1 else 0;
def peakbn = (Lastbn - peak_bars_back_from_last_bar + 1);
def rng = if bn >= rngfirst and bn <= lastbn then 1 else 0;


addlabel(1, "  ", color.black);
addlabel(1, "quantity of bars " + len, color.cyan);
addlabel(1, "bars back to peak " + peak_bars_back_from_last_bar, color.cyan);
addlabel(1, "peak height " + peakht, color.cyan);


plot z5 = if bn == peakbn then high else na;
z5.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
z5.SetDefaultColor(Color.cyan);


#find highest over next len bars. baseline for weight lines
def rnghi;
if bn == 1 then {
 rnghi = 0;
} else if rngfirst then {
 rnghi = highest(high[ -(len-1) ], len );
} else {
rnghi = rnghi[1];
}


#calc line slopes  (chg in wt)
def slopebefore;
def slopeafter;
if bn == 1 then {
 slopebefore = 0;
 slopeafter = 0;
} else if rngfirst then {
 slopebefore = if peak_bars_back_from_last_bar == len then 0 else ( peakht / (len - (peak_bars_back_from_last_bar + 0)) );
 slopeafter = if peak_bars_back_from_last_bar == 0 then 0 else -( peakht / (peak_bars_back_from_last_bar - 1) );
} else {
 slopebefore = slopebefore[1];
 slopeafter = slopeafter[1];
}


def sl;
if bn == 1 or bn == (lastbn + 1) then {
 sl = 0;
} else if rngfirst and peak_bars_back_from_last_bar == len then {
 sl = 0;
# sl = rnghi + wtpeakht;
} else if rngfirst and peak_bars_back_from_last_bar > 0 then {
 sl = slopebefore;
} else if (peakbn + 1) == bn then {
 sl = slopeafter;
} else {
 sl = sl[1];
}


def slopeline;
if bn == 1 or isnan(close) then {
 slopeline = 0;
#} else if rngfirst then {
} else if rngfirst and peak_bars_back_from_last_bar == len then {
 slopeline = rnghi +  peakht;
} else if rngfirst then {
 slopeline = rnghi;
} else {
 slopeline = slopeline[1] + sl;
}


plot z1 = if slopeline > 0 then slopeline else na;

# baseline
plot z2 = if slopeline > 0 then rnghi else na;
# upper line
plot z3 = z2 + peakht;


input test_bubble = no;
addchartbubble(test_bubble, z1*1.008,
#addchartbubble(test_bubble , 36,
rnghi + "\n" +
 slopebefore + "\n" +
 slopeafter + "\n" +
sl + "\n" +
 slopeline
, color.yellow, yes);

#

choose where the peak will be.
..if bar qty = 1

..else 2 lines that form a pyramid peak

..if bar qty = len

 

[Human]

maybe this can be a starting point, for some experimenting.

this draws 1 or 2 lines, as a peak, over the last x bars on the chart.
the line(s) represent the weights.

change this to choose where the peak will be.
input peak_bars_back_from_last_bar = 3;
..if bar qty = 1, then 1 line, that is highest on last bar
..if bar qty = len, then 1 line, that is highest on first bar of len group
..else 2 lines that form a pyramid peak

i don't know what a triangle average is, so no comment on that.
when posting about something different, post a link that describes it, so others don't have to go searching.

i found this. looks to be an average of a set of averages
https://www.thebalancemoney.com/triangular-moving-average-tma-description-and-uses-1031203#:~:text=The triangular moving average (TMA) shows the average price of,a simple moving average would.

# weighted_avg_move_peak_00

#https://usethinkscript.com/threads/dynamic-triangular-moving-average.16252/
#Dynamic triangular moving average  Human  8/2  #1

# draw 1 or 2 lines, above the last len bars

def na = double.nan;
def bn = barnumber();

def lastbn = HighestAll(If(IsNaN(close), 0, bn));
def lastbar = if (bn == lastbn) then 1 else 0;
#def lastbar = !isnan(close[0]) and isnan(close[-1]);


input len = 10;
input peak_bars_back_from_last_bar = 3;
input peakht = 5;

def rngfirst = if (lastbn - len + 1) == bn then 1 else 0;
def peakbn = (Lastbn - peak_bars_back_from_last_bar + 1);
def rng = if bn >= rngfirst and bn <= lastbn then 1 else 0;


addlabel(1, "  ", color.black);
addlabel(1, "quantity of bars " + len, color.cyan);
addlabel(1, "bars back to peak " + peak_bars_back_from_last_bar, color.cyan);
addlabel(1, "peak height " + peakht, color.cyan);


plot z5 = if bn == peakbn then high else na;
z5.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
z5.SetDefaultColor(Color.cyan);


#find highest over next len bars. baseline for weight lines
def rnghi;
if bn == 1 then {
 rnghi = 0;
} else if rngfirst then {
 rnghi = highest(high[ -(len-1) ], len );
} else {
rnghi = rnghi[1];
}


#calc line slopes  (chg in wt)
def slopebefore;
def slopeafter;
if bn == 1 then {
 slopebefore = 0;
 slopeafter = 0;
} else if rngfirst then {
 slopebefore = if peak_bars_back_from_last_bar == len then 0 else ( peakht / (len - (peak_bars_back_from_last_bar + 0)) );
 slopeafter = if peak_bars_back_from_last_bar == 0 then 0 else -( peakht / (peak_bars_back_from_last_bar - 1) );
} else {
 slopebefore = slopebefore[1];
 slopeafter = slopeafter[1];
}


def sl;
if bn == 1 or bn == (lastbn + 1) then {
 sl = 0;
} else if rngfirst and peak_bars_back_from_last_bar == len then {
 sl = 0;
# sl = rnghi + wtpeakht;
} else if rngfirst and peak_bars_back_from_last_bar > 0 then {
 sl = slopebefore;
} else if (peakbn + 1) == bn then {
 sl = slopeafter;
} else {
 sl = sl[1];
}


def slopeline;
if bn == 1 or isnan(close) then {
 slopeline = 0;
#} else if rngfirst then {
} else if rngfirst and peak_bars_back_from_last_bar == len then {
 slopeline = rnghi +  peakht;
} else if rngfirst then {
 slopeline = rnghi;
} else {
 slopeline = slopeline[1] + sl;
}


plot z1 = if slopeline > 0 then slopeline else na;

# baseline
plot z2 = if slopeline > 0 then rnghi else na;
# upper line
plot z3 = z2 + peakht;


input test_bubble = no;
addchartbubble(test_bubble, z1*1.008,
#addchartbubble(test_bubble , 36,
rnghi + "\n" +
 slopebefore + "\n" +
 slopeafter + "\n" +
sl + "\n" +
 slopeline
, color.yellow, yes);

#

choose where the peak will be.
..if bar qty = 1

..else 2 lines that form a pyramid peak

..if bar qty = len

This does not look like what I was describing. I might be using the wrong terminology. However, I think I can learn from this example in general even if I am not learning exactly what I originally wanted to learn. Thank you for responding the best you could considering my poor explanation.

 

[armybender]

The easiest thing to do would be to use the ToS triangular moving average. Though it doesn't allow different weighting, so if you want that specifically you'd have to do something different.

You may also look at the Recursive Moving Average Difference, which accomplishes a lot more than a triangular moving average. It samples a range of moving average lengths and determines trend from changes in the moving averages. It's dynamic, so it's better than simply adding a few averages together.

There's a post on this forum here:
https://usethinkscript.com/threads/...difference-for-thinkorswim.15658/#post-126816

 

[halcyonguy]

This does not look like what I was describing. I might be using the wrong terminology. However, I think I can learn from this example in general even if I am not learning exactly what I originally wanted to learn. Thank you for responding the best you could considering my poor explanation.

that is exactly what your post 1 words describe, lines to a peak, sloping down to first and last bars.