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TD MA2 is a series of two moving averages. It is displayed unlike other moving averages. Each moving average is compared to its value "X" bars earlier and each will turn green if ascending and red if descending.
TDMA II Parameters
This study draws two-color moving average lines. Each moving average is computed and drawn independently.
Each moving average is an ordinary moving average of specifiable type and length, computed on a specifiable price selector. An absolute scaling percentage and a projection percentage can also be selected; these have the same meaning as for TDMA I.
In addition, a comparison length X is calculated for each moving average. The moving average line is drawn in one color when its current value is greater than its value of X bars ago; otherwise it retains its original color.