Free Forex Indicators (MT4), Trend Following Indicators

TMA Centered Bands Multi Time Frame

The TMA Centered Bands Multi Time Frame is a trend-following price channel. This indicator shows the dynamic support and resistance, defines the trend conditions, and highlights potential areas to enter the market.

Generally, Triangular Moving Average (TMA) is applied to signify the changes in the directions of the market trends. However, in this new edition, the indicator includes two extra bands which work as dynamic support and resistance. The higher and lower bands of the indicator create a price channel and the TMA at the center of the channel shows the direction of the market trend.

TMA Centered Bands Multi Time Frame represents a stand-alone trend trading technique that is admired by both beginners and experienced traders. It supports multi-timeframe trend analysis and can be applied for trading all types of financial instruments including forex, stocks, cryptocurrencies, and more.

TMA Centered Bands Multi Time Frame Overview

TMA Centered Bands Multi Time Frame represents a very simple demonstration of trend conditions so that everybody can follow it. This indicator doesn’t produce direct buy sell signals. But it shows strong support and resistance zones of the price and gives an idea about the overall condition of the market trends.

TMA Centered Bands Multi Time Frame Overview

According to our research, TMA Centered Bands Multi Timeframe works best as a day trading indicator. Moreover, you can apply it on multi-timeframes of MT4 platforms for having a greater confirmation of the market trends and potential price levels.

TMA Centered Bands Multi Time Frame Explanation

The lower TMA-centered band represents the dynamic market support. In a bullish market trend, we expect the price to reverse from this level to rejoin the current uptrend market. The price creates a higher-high at the TMA support represents an ideal setup for going long.

TMA Centered Bands Multi Time Frame Explanation

Contrarily, when the price hits the upper band it should treat the level as a  dynamic resistance. In an extreme bullish move, the resistance can be broken. However, most of the time the price rebounds from the upper TMA band and starts to move north.

The direction of the centered TMA line shows you the possible direction of the market trend. It also signals the trend strength level. For example, the price holding its position above the TMA level hints at a strong bullish trend of the market.

Also Read: Best Forex Brokers in South Africa

TMA Centered Bands: Buy Conditions

TMA Centered Bands Buy Parameters
  • The price rejects to move below the TMA support line
  • The price rebounds from the dynamic support and the TMA trendline heads upward direction
  • Place stop-loss limit below the lower TMA band
  • Hold your buy order until the trade achieves a 2R profit

TMA Centered Bands: Sell Conditions

TMA Centered Bands Sell Parameters
  • The price fails to move above the TMA resistance level
  • The price swings downwards from the dynamic support with the TMA trendline heading south
  • Place stop-loss limit above the higher TMA band
  • Exit the trade once it achieves a 2R profit

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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