TMA MACD Indicator, Market Momentum Easily
You can use this trend scanner to create an EA that will allow you to trade equities.
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- Indicator Settings
Description
Do you want to use TMA in conjunction with the potent MACD to lessen the lag of moving averages? If so, the best indicator for Mt4 is the TMA MACD indicator.
How can I use the TMA Moving Average Convergence and Divergence MT4 Indicator to trade successfully?
The next higher time frame than the current chart time frame is used by the indicator to compute the MACD values. gives trading indications based on the upcoming higher time frame trend as a result. The trader might take advantage of changes in the current chart time frame by remaining in the trend direction of a longer time frame.
When the colour of the MACD histogram changes, buy and sell signals are given. Both novice and experienced traders may quickly recognise the trend changes indicated by this coloured MACD indicator. Higher time frame trading is typically more profitable than lower time frame trading.
How to get the best signals using crossover in the TMA MACD indicator for MT4 ?
Rather than using the conventional MACD Zero line crossover, the indicator can produce signals based on the crossover of the MACD values over a predetermined Hot threshold. Technical traders can reduce noise and steer clear of trading signals produced by smaller movements by using these established hot levels. These values, however, differ according to time periods, currency pairs, and volatility. Therefore, in order to trade successfully, traders should test and determine hot levels as they see fit.
Above the MACD Hot level, the markets are regarded as bullish, and below it, as bearish. On charts with bullish and bearish crossovers, arrows indicate when to buy and sell.
Limitations
During range markets, traders may not be satisfied with the TMA MACD indicator’s performance for Metatrader 4.
When the moving average’s convergence and divergence values cross over above hot levels, the indicator sends out indications. As a result, each currency pair’s hot level value must be specially determined. To put it briefly, traders are unable to employ the same hot level across all trading instruments.
Conclusion
MetaTrader’s TMA MACD indicator effectively decreases moving average lag, which enhances the support for Moving Average Convergence and Divergence computations. As a result, it can give forex traders profitable trading signals over longer time periods.
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History: Number of periods used to calculate the indicator.
TimeFrame: The current chart timeframe.
TimeFrameAuto: Allows the indicator to calculate using higher timeframes than the current chart (e.g., +1 timeframe).
FastHalflength: Value used for calculating the fast TMA (Triangular Moving Average).
SlowHalfLength: Value used for calculating the slow TMA.
Price: Candle price data used for TMA calculation.
Display: Choose how MACD is displayed: Line, Histogram, or Tape.
HotLevel: Adds specific levels to the MACD indicator.
LevelColor: Color of the MACD level line.
ShowArrows: Toggles display of arrows when MACD crosses the Hot Level.
ARROWBAR: Setting of 1 displays the arrow after the current signal candle closes.
ArrUp: Color of the upward arrow.
ArrDN: Color of the downward arrow.
ArrGap: Sets the gap distance of the arrow from the signal candle.
CodUP: Style of the upward arrow.
CodDN: Style of the downward arrow.
ArrSize: Size of the signal arrows.
AlertsMessage: Enables display of alert messages.
AlertsEmail: Enables sending alerts via email.
AlertsMobile: Sends alerts as notifications to mobile devices.
Soundfile: Specifies the sound file used for alert notifications.
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