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Options:
This can be a slope indicator for TMA Bands indicator. It calculates slope of the middle line.
It helps 3 kinds of TMA Bands:
- TMA True (Non-repaint)
- Quick Line TMA (Repaints)
- TMA+CG (Repaints)
It would provide help to decide whether or not worth is Trending or Ranging primarily based on the Threshold you set.
TMA Indicators connected with this publish.
How It Works:
You may set the Slope Threshold for indicating Purchase/Promote heightened ranges.
Suppose we set Threshold to -5 and 5, then that is what we get:
And in addition set Slope Interval Bars. Default is 5, which implies it would measure the TMA center line values for previous 5 bars and discover the Slope primarily based on time for previous 5 bars.
You can even get Alerts when slope modifications. Alerts might be Popups, Push Notifications, E mail or in a File.
Listed here are all of the settings:
Additionally get TMA Slope in Buffer values.
Easy methods to Commerce:
If slope is crimson, it signifies that TMA strains are sloping downwards, and worth is in downwards pattern.
So solely commerce promote indicators.
If slope is Inexperienced, it signifies TMA strains are sloping upwards and worth is in upwards bullish pattern.
So solely commerce purchase indicators.
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