TmaSlope Metatrader 4 Indicator
The TmaSlope forex indicator oscillates between -1.74 and +2.10 readings. Readings above 0.00 line are considered to be bullish while indicator readings below 0.00 are considered to be bearish.
Green and Lime colors: bullish trend
Red and FireBrick colors: bearish trend
DarkGray and LightSlateGray colors: flat (range-bound) trend
Strong trend: Above 0.5/below -0.5 indicator readings
BUY: Wait for the first green bar above the zero line.
SELL: Wait for the first red bar below the zero line.
Trade in the direction of the overall trend.
Configurable Indicator Options
H_Pos_MTF, V_Pos_MTF, Corner_MTF, atrPeriod,…
USD/JPY 4 Hour Chart Example