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Arnaud Legoux Moving Average (ALMA)
Summary: Arnaud Legoux moving average (ALMA) indicator is a technical analysis tool that eliminates minor price fluctuations and enhances the trend of the market.
The ALMA is a technical analysis tool that aims to give investors and traders a more reliable trading signal by reducing the noise that can interfere with traditional moving averages. It eliminates the small fluctuations in an asset price to make the trend clearer.
The ALMA reduces price lag and creates a smoother line than other moving averages. Rather than a straightforward moving average for a certain period, it applies a moving average twice; from left to right as well as right to left.
Change the input to optimise it for your use case!
Most of Omega indicators can use different period values. To change periods:
- Locate the Data Mine and expand it.
- Expand the Indicator Bot node.
- Find the Product Definition -> Data Building Procedure -> Procedure Loop -> Procedure Javascript Code.
- Edit the Procedure Javascript Code node.
- Put the text marker in the edit box, and press Arrow Up until you reach the top of the code.
- Look for "User defined values".
- Enter the values of your choice.
Note: Remember that you have to delete existing data for the indicator in the Data-Storage folder, and re-start the Data Tasks needed for the indicator in the Network node before you can see any changes.
Products, Properties & Examples
| Product Name | Product Variable | Properties |
|---|---|---|
| ALMA | ALMA | alma01 |
/* EXAMPLE */
// Candle close is above ALMA trend.
chart.at01hs.candle.close > chart.at01hs.ALMA.alma01Omega One Data Mine — TOC
You just read page 5 in the topic.
5. Arnaud Legoux Moving Average (ALMA)
6. Triple Arnaud Legoux Moving Average (ALMA)
7. EMA Crossing