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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 varieties of TMA Bands:
TMA True (Non-repaint) Quick Line TMA (Repaints) TMA+CG (Repaints)
It’ll aid you decide whether or not worth is Trending or Ranging primarily based on the Threshold you set.
TMA Indicators hooked up with this submit.
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 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 below 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 development.
So solely commerce promote alerts.
If slope is Inexperienced, it signifies TMA strains are sloping upwards and worth is in upwards bullish development.
So solely commerce purchase alerts.
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