Volume Weighted MA
Back to products
Rate Of Change
MT5
Click to enlarge

TMA Centered Bands

The TMA Centered Bands Indicator MT5 is a popular and free forex indicator that is useful for traders of all levels. It works by plotting two bands around a moving average, one above and one below, and then plotting a third band in the middle. The indicator can also be used to identify price breakouts, as well as possible price reversals. With its easy-to-use interface, the TMA Centered Bands Indicator MT5 is a great choice for traders who want to quickly identify potential trading opportunities.

Trading Style

Indicator Type

Timeframe

,

Platform

Add to wishlist
0 People watching this product now!
Categories: ,

Downloads - 214

Download now
Description

In the dynamic world of forex trading, having the right tools to identify market trends and potential trading opportunities can be the difference between success and failure. The TMA Centered Bands Indicator, a popular and free trading tool available for the MetaTrader 5 (MT5) platform, offers traders a unique and powerful approach to technical analysis that can help them navigate the ever-changing forex landscape with greater confidence and precision.

Features of the Indicator

The TMA Centered Bands Indicator is based on the well-known Triangular Moving Average (TMA) indicator, which is renowned for its accuracy and reliability. This innovative indicator goes one step further by plotting two bands on the chart – one above and one below the TMA. The upper band represents the resistance level, while the lower band represents the support level.

These bands provide traders with a clear visual representation of potential areas of support and resistance, allowing them to identify potential buy and sell signals with greater accuracy.

How the Indicator Can Benefit You

By incorporating the TMA Centered Bands Indicator into your trading strategy, you can gain a significant edge in the forex market. This tool can help you identify and capitalize on emerging trends, whether they are bullish or bearish, enabling you to make more informed buy, sell, and trade management decisions.

Whether you are a day trader, scalper, or swing trader, the TMA Centered Bands Indicator can be a valuable addition to your trading toolkit, helping you navigate the market with greater confidence and success.

Indicator Settings

Centered TMA half period: Half the length of the moving average.

Price to use: Current trend price.

ATR period: Period for the Average True Range.

Multiplier: Doubles the period to reduce gap between bands.

Centered TMA angle caution. In pips: Indicates indicator signals.

Conclusion

The TMA Centered Bands Indicator is a free and powerful tool that can be a game-changer for forex traders of all skill levels. By providing a unique and insightful approach to technical analysis, this indicator empowers you to identify and capitalize on market trends with greater accuracy and confidence. Download the TMA Centered Bands Indicator today and take your trading to new heights.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “TMA Centered Bands”

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

Buy Sell Magic

The Buy Sell Magic indicator is a new and innovative Forex trading tool that detects trend reversals and generates accurate buy and sell signals on the price chart. Use the indicator on the chart of your chosen currency pair and follow the color signals to improve your trading performance.
MT4
Quick view
Add to wishlist

Double Top Bottom Patterns

,
The Double Top Bottom Patterns indicator for MT4 is the best Forex indicator that identifies double tops/bottom patterns. It helps spot the patterns easily and confirms the price breakout after the pattern, providing BUY and SELL arrow trading signals.
MT4
Quick view
Add to wishlist

A-Gimat Reversal

Identify bullish and bearish forex trading signals with up and down arrows by A-GiMaT Reversal Indicator. Easy to use based on ZigZag MetaTrader indicator. Enter the markets at tops and bottom to ride the trend. Easy to install and free to download.
MT4
Quick view
Add to wishlist

Forex Reversal

The Forex Reversal Indicator for MT4 detects bullish and bearish trend reversals. The indicator uses a combination of technical analysis tools such as moving averages, Fibonacci levels and Price Action patterns to identify pivot points to ensure successful trading.
MT4
Quick view
Add to wishlist

Entry Signal

Identify the three market conditions of bullish, bearish and neutral trend with Entry Signal Indicator. Changes candle color for easy identification of price trend. Identify best entry and exit. Free to download, easy to install.
MT4
Quick view
Add to wishlist

Pin Bar

Detect price reversals using the Pin Bar MT4 indicator. Automatically detects Pin bar candlestick pattern and plots arrow buy and sell forex trading signals based on the bullish and bearish pin bar. Download and install to improve your trading performance.
MT4
Quick view
Add to wishlist

MACD 4C

,
The MACD 4C Indicator for MT4 is a customized MACD. The indicator detects the trend and momentum of a currency pair and displays it on the chart using four different colors.
MT4
Quick view
Add to wishlist

SSL Channel Chart Alert

,
Better your forex trading with the SSL Channel Chart Alert Indicator. Seamlessly combining Moving Averages, it offers clear buy and sell signals for trend traders. Benefit from non-repainting signals and easy-to-use settings.