TMA Centered Bands Indicator

The TMA Centered Bands Indicator for MT4 is a trend-based tool that uses Triangular Moving Averages to plot three dynamic bands on the chart. It provides clear entry and exit points by identifying potential reversals and trend continuations.

🔍 Key Features

✔ Three Bands for Trend Visualization

Upper Band (Red): Signals overbought areas, possible reversal zone.
Lower Band (Red): Signals oversold areas, possible reversal zone.
Middle Band (Red-Green): Changes color to show trend direction.

✔ Trend Direction Detection

Green Middle Band → Bullish trend
Red Middle Band → Bearish trend

✔ Trading Signals

Buy Signal: Price drops below the lower band and starts bouncing up.
Sell Signal: Price rises above the upper band and starts reversing down.

✔ Customizable Settings

Adjustable MA periods for each band.
Works on all timeframes for scalping, intraday, and swing trading.

✔ Compatible with Other Indicators

Combine with RSI or Moving Averages for stronger confirmation.

✅ TMA Buy Strategy

📌 Price goes below the lower band
📌 Wait for trend continuation upward
📌 Enter BUY near the lower band
📌 Stop-loss near recent low
📌 Exit when the middle band turns red

✅ TMA Sell Strategy

📌 Price goes above the upper band
📌 Wait for trend continuation downward
📌 Enter SELL near the upper band
📌 Stop-loss near recent high
📌 Exit when the middle band turns green

Input Settings & Controls

📌 Half Length (12)

Defines the lookback period for the triangular moving average calculation.
Higher values = smoother bands, fewer signals.
Lower values = more sensitive to price changes, more signals.

📌 Price (Close)

The price type used for calculation.
Options: Close, Open, High, Low, Median, Weighted etc.
Default is Close price for accuracy in trend direction.

📌 Period (50)

The main moving average period used for the center line calculation.
Higher period = smoother and slower response.
Lower period = faster response, more signals.

📌 Multiplier (2.0)

Used to calculate the distance of upper and lower bands from the center band.
Higher multiplier = wider bands, fewer false signals.
Lower multiplier = narrower bands, more signals.

📌 Use ATR

Enables or disables ATR-based band calculation instead of standard deviation.
ATR (Average True Range) adjusts bands based on market volatility.

📌 Type

Determines the calculation method for the bands (e.g., TMA, SMA, EMA).
Type selection affects the smoothness and lag of the bands.

📌 Dev Look Back (10)

Sets the lookback period for deviation or ATR calculation.
Affects how much the bands expand/contract based on volatility.

Devices Supported

Device Type	Operating System	Compatibility with TradingView
💻 Windows Laptop/Desktop	Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11	✅ Fully supported via app
🍏 MacBook / iMac	macOS 10.15+	✅ Fully supported via app
📱 Android / Mobile	Android OS	❌ Not supported

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