Download MT5 Triangular Moving Average (TMA) Slope Alert Indicator For Free so you can be notified via Email, App and On Screen when the Triangular Moving Average Slope crosses ZERO.
What Is The Triangular Moving Average TMA Indicator
The Triangular Moving Average indicator is a modified version of one of the most basic technical indicators used in trading.
The Moving Average is commonly also known as MA, while the Triangular MA is known as TMA.
You can see the Triangular Moving Average in a chart represented by a line.
The value of the Triangular Moving Average is in its simplest calculation the average of the average price of the previous candles.
So in practice a TMA is a smoothed MA, you apply a double smoothing to price fluctuations.
This double smoothing allows to often avoid whipsaw in entry and exit.
The Slope of the TMA is an indicator of the momentum of the move.
MT5 TMA Slope Alert Indicator
In many cases it is useful to be notified when the TMA momentum changes through its slope. You can benefit from this alert in both Trend Following and Trend Reversal strategies.
To obtain this missing feature, you can here Download MT5 TMA Slope Alert Indicator.
This indicator allows you to receive alerts when the TMA Slope Crosses the zero level. You can receive notifications via:
- Mobile App
- On Screen
Another interesting feature of the MT5 TMA Slope Alert Indicator is that it can draw Buy and Sell signals in the shape of arrows when the crossover happens.
MT5 TMA Slope Alert Indicator Installation
To install the MT5 TMA Slope Alert Indicator please follow the instructions below:
- Download the indicator file
- Open the Metatrader Data Folder (In File > Open Data Folder)
- Open the MQL5 Folder
- Copy the file in the Indicators Folder
- Restart Metatrader
For more detailed instruction on how to perform the installation please visit this article.
Please feel free to leave a feedback regarding the indicator or Contact Us for anything else.