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Instrument: REA_TMA
Disclaimer

The graphic studies and any other indication generated by the software should not be considered as personalized investment advice or even as investment recommendations. The setups generated by the software search for market conditions developed on prices in the past and are useful for statistical purposes.

The software is not able to work autonomously and requires various inputs from the trader for pattern research, statistics processing and any other expected functionality.

Description

Our TMA indicator is based on a Triple TMA or triangular moving average, the first middle is the true TMA but the upper and lower of the channel are drawn by adding or subtracting the calculation of another indicator, the ATR. The indicator focuses on price action and presents the direction of the trend.

It forms a triangular wave structure to provide trend direction. The tiangular moving average works like a traditional moving average, so you need to take it as a trend indicator to trade with it. The good thing about trend following indicators is that they can give exact buy and sell points. As mentioned above, the indicator follows the price course.

Our indicator is easily usable by exploiting the signals (arrows) generated when the price re-enters the channel.

Downloads

Download the REA_TMA for the cTrader platform
License:
FREE

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