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Tma Slope Metatrader 4 Indicator

The Tma Slope Forex indicator for MT4 oscillates between -1.74 and +2.10 readings and delivers accurate trading signals.

Readings above 0.00 line are considered to be bullish while indicator readings below 0.00 are considered to be bearish.

General Assumptions

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

Trading Signals

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.

Download

Download the TmaSlope.mq4 indicator.

Configurable Indicator Options

H_Pos_MTF, V_Pos_MTF, Corner_MTF, atrPeriod,…

USD/JPY 4 Hour Chart Example

tmaslope-indicator

How to install the Tma Slope custom indicator in Metatrader 4?

  • Download the TmaSlope.mq4 indicator to your computer.
  • Open your Metatrader 4 platform.
  • Open the data folder from the top menu.
  • Open the MQL4 folder.
  • Open the indicators folder.
  • Paste the indicator file in this folder.
  • Restart the trading platform.
  • Open any trading chart.
  • Attach the indicator to the chart.