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 show you how to decide whether or not value is Trending or Ranging primarily based on the Threshold you set.
TMA Indicators hooked up with this put up.
How It Works:
You possibly can 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 suggests it’ll measure the TMA center line values for previous 5 bars and discover the Slope primarily based on time for previous 5 bars.
It’s also possible to get Alerts when slope modifications. Alerts may be Popups, Push Notifications, E mail or in a File.
Listed here are all of the settings:
Additionally get TMA Slope in Buffer values.
The way to Commerce:
If slope is crimson, it signifies that TMA strains are sloping downwards, and value is in downwards pattern.
So solely commerce promote indicators.
If slope is Inexperienced, it signifies TMA strains are sloping upwards and value is in upwards bullish pattern.
So solely commerce purchase indicators.