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Abiroid TMA Slope

Features:

This is a slope indicator for TMA Bands indicator. It calculates slope of the center line.

It supports 3 types of TMA Bands:

  • TMA True (Non-repaint)
  • Fast Line TMA (Repaints)
  • TMA+CG (Repaints)

It will help you determine whether price is Trending or Ranging based on the Threshold you set.

Download extra TMA Indicators for strategy here:

https://www.mql5.com/en/blogs/post/758718


How It Works:

You can set the Slope Threshold for indicating Buy/Sell heightened levels.

Suppose we set Threshold to -5 and 5, then this is what we get:


And also set Slope Period Bars. Default is 5, which means it will measure the TMA middle line values for past 5 bars and find the Slope based on time for past 5 bars.

You can also get Alerts when slope changes. Alerts can be Popups, Push Notifications, Email or in a File.

Also get TMA Slope in Buffer values.


How to Trade:

If slope is red, it indicates that TMA lines are sloping downwards, and price is in downwards trend.

So only trade sell signals.

If slope is Green, it indicates TMA lines are sloping upwards and price is in upwards bullish trend.

So only trade buy signals.

 


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Indikatoren
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5 (3)
Indikatoren
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Indikatoren
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5 (2)
Indikatoren
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Indikatoren
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Indikatoren
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Abir Pathak
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Abir Pathak
5 (1)
Indikatoren
This strategy is best used for Scalping and Binary Options. Strategy: There are 3 EMAs: Faster, Medium and Slower. When Price is Trending, wait for Price to bounce an EMA and scalp at each bounce. Features: - Check if 3 MAs are Stacked - Check Price Bounce Off MAs (Faster, Medium, Slower) - Min Distance Between Faster and Medium MA Filter - Max Distance Between Entry Price and Faster MA Filter - High Volume Check - Heiken Trend Check - Volatility Check - Higher/Lower Timeframes MA Stacked check
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Version 1.2 2024.08.13
Added MaxPastBars variable