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True TMA channel MT4

The True TMA channel MT4 is a channel indicator based on triple smoothed MA and ATR. It is a great tool for trading, which can be used both for channel trading and for channel breakout trading.

A distinctive feature of this indicator is that it does not repaint. Therefore, this indicator can be used in your strategies without the fear that the signals will be changed.

The indicator parameters

  • Period - period of the indicator
  • Price - Price for calculation of the TMA
  • Method - Method for calculation of the TMA
  • Shift - indicator display shift
  • ATR Period - period of the ATR channel
  • ATR Multiplier - multiplier for channel calculation
  • History Bars - The number of bars in history for drawing the indicator, 0 - all history

Good luck in your trading.

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