TMA Slope Indicator represents a technical tool that identifies the changes in the direction of the market momentum. Besides, it also signals for possible duration or length of the trends so that traders can make their trade exit decisions. This indicator is very smooth in terms of its signal frequencies and simple enough to be mastered by the newbie traders.
TMA Slope Indicator can be applied to trade all kinds of forex currency pairs within the financial markets. In addition, it suits all sorts of timeframe charts of the MT4 trading platform allowing you for both scalping and day trading.
TMA Slope Indicator Overview
Download the indicator and install it on your MT4 system. Once you’re done, find your chart like the following image:
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Explanation
TMA Slope Indicator applies a 25-day fast TMA and 55-day slow TMA for plotting a crossover in the background and signaling the status of the market momentum according to the crossover mode.
The oscillator bars turn green and positive in value when the momentum turns into bullish. For bearish momentum, the oscillator bars must turn negative and red in color.
It also uses its MAs for determining the possible length of the momentum. Its colored dots transform from white to green means a possible end of the current bullish momentum.
On the other hand, the dots switches from red to white when the current bearish momentum of the market is about to end.
This indicator also provides alert services through SMA, emails, and sound-alerts so that you never miss a signal.
TMA Slope Indicator: Buy Conditions
- TMA Slope bars turn green
- TMA value turns positive
- Buy triggers when the above conditions are done
- Set stop loss below the recent low of the market
- Exit long/take profit whenever the indicator dots turn green
Also Read: Exness Broker Review
TMA Slope Indicator: Sell Conditions
- TMA Slope bars turn red
- TMA value turns negative
- Sell triggers when the above conditions are done
- Set stop loss above the recent high of the market
- Exit short/take profit whenever the indicator dots turn white
