Extreme TMA Line is a well-known channel indicator included into multiple Extreme TMA strategies.
There are five inputs:
The indicator draws three lines: central (colored) and two channel ones. When detecting a bullish trend, the central line is colored green. When detecting a bearish one, the central line is colored red. The flat state is marked by gray color.
Fig. 1. Extreme TMA Line, Redraw = Yes
Fig. 2. Extreme TMA Line, Redraw = No
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/22350
Internal Strength indicatorMA Envelopes
The Expert Advisor sets pending Buy limit and Stop limit orders.