The TMA Trend Detector indicator detects the trend of a currency pair for different time frames. It has been built using the triangular moving average (TMA) indicator, a technical indicator similar to other moving averages. The TMA shows the average (or mean) price of an asset over a specified number of data points—usually several price bars. However, the triangular moving average differs in that it is double smoothed, which means averaged twice.
How to trade the indicator:
- Ranging TMA (between -0.30 to 0.30): Trades can be placed in both directions.
- Buy Only TMA (higher than 0.30): Place Only BUY trades.
- Sell Only TMA (lower than -0.30): Place Only SELL trades.
This is a MetaTrader 4 (MT4) indicator and works with all currency pairs and all timeframes. Once you download and install the indicator, it will appear in your trading chart, like the image shown above.
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