Options:
It is 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’ll make it easier to decide whether or not worth is Trending or Ranging primarily based on the Threshold you set.
TMA Indicators hooked up with this publish.
How It Works:
You’ll be able to 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’ll measure the TMA center line values for previous 5 bars and discover the Slope primarily based on time for previous 5 bars.
You too can get Alerts when slope adjustments. Alerts will be Popups, Push Notifications, E mail or in a File.
Listed here are all of the settings:
Additionally get TMA Slope in Buffer values.
Learn how to Commerce:
If slope is purple, it signifies that TMA traces are sloping downwards, and worth is in downwards pattern.
So solely commerce promote alerts.
If slope is Inexperienced, it signifies TMA traces are sloping upwards and worth is in upwards bullish pattern.
So solely commerce purchase alerts.
