The Triangular Moving Average is a Simple Moving Average that has been averaged again (i.e. averaging the average); this creates an extra smooth Moving Average line.
The chart below of the E-mini Nasdaq 100 Futures contract shows the relation between a 10-day Simple Moving Average and a 10-day Triangular Moving Average:
Generally, simple moving averages are smooth, but the re-averaging makes the Triangular Moving Average even smoother and more wavelike.
Buy and sell signals for the Triangular Moving Average indicator are discussed in depth on the Simple Moving Average indicator pages (see: Simple Moving Average).
