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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 kinds of TMA Bands:
TMA True (Non-repaint) Quick Line TMA (Repaints) TMA+CG (Repaints)
It should assist you to decide whether or not value is Trending or Ranging based mostly on the Threshold you set.
TMA Indicators hooked up with this put up.
How It Works:
You may 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 likewise set Slope Interval Bars. Default is 5, which implies it’s going to measure the TMA center line values for previous 5 bars and discover the Slope based mostly on time for previous 5 bars.
You may also get Alerts when slope adjustments. Alerts could be Popups, Push Notifications, E-mail or in a File.
Listed here are all of the settings:
Additionally get TMA Slope in Buffer values.
Tips on how to Commerce:
If slope is pink, it signifies that TMA traces are sloping downwards, and value is in downwards pattern.
So solely commerce promote indicators.
If slope is Inexperienced, it signifies TMA traces are sloping upwards and value is in upwards bullish pattern.
So solely commerce purchase indicators.
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