TMA Reversal Signals
- Indicators
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Denis Makarov
MQL4/MQL5 developer. I build and improve trading tools for MetaTrader 4 and 5.
What I do:
• Expert Advisors, custom indicators and scripts, from your idea or spec to tested code
• Modification and bug fixing of existing EAs and indicators - Version: 1.0
- Activations: 5
TMA Reversal Signals is a technical indicator that combines a Moving Average (MA) with a Triangular Moving Average (TMA) channel to identify potential market reversal areas.
The indicator monitors the relationship between the Moving Average and the upper and lower TMA bands. When the Moving Average crosses outside the channel, the indicator generates a signal:
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Red downward arrow (SELL): The Moving Average crosses above the upper TMA band.
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Green upward arrow (BUY): The Moving Average crosses below the lower TMA band.
Features
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Moving Average and TMA channel displayed directly on the chart.
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Visual BUY and SELL signals.
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Ability to enable or disable the MA, TMA channel, and arrows independently.
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Adjustable arrow offset.
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Option to display signals on the current, still-forming candle.
The indicator can help traders identify potential overbought and oversold conditions and areas where a price reversal may occur.
Important: Signals are based on indicator calculations and do not guarantee a market reversal. Use additional analysis and risk management when making trading decisions.
