TMA Centered Bands Indicator

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TMA Centered Bands indicator for MT4 draws bands onto the chart and shows you the overall trend in price. It plots three bands of red and green color and red-green color.

The top bands are red, the lower is green, and the middle is red-green.

These moving averages are broken down into bands, with each having an MA period. The name TMA is derived from triangular moving estimates, since the indicator draws triangular bands.

These bands will change as a trend develops, so the price will fluctuate within these ranges. This can lead to entry and exit points.

How to trade the TMA Centered Bands indicator?

TMA Centered Bands Indicator uses the power of moving averages to plot bands on the chart.
Each band has its own functionality. For example, if the price rises above the upper band, it is possible for it to reverse.

Similarly, if the price falls below the lower band, there is the possibility of a reversal. The middle band measures the trend and can turn green or yellow depending on which direction it is.

If the price rises above the upper range, you may take short positions. However, if the price falls below the lower range, you can also take long positions.

The middle band acts as a mediator between the upper and lower bands. A trend can change its direction by turning red or green. A green signal indicates an uptrend. Red indicates a downtrend.

Buy strategy

• The price should be less than the lower band.
• Let the trend in price continue.
• The lower band is the best place to enter long trades.
• Set a stop loss at the low entry point.
• If the middle band becomes red, you can exit the trade.

Sell strategy

• The price should be above the upper limit.
• You can wait for the price trend’s continuation.
• Trade the short position at the upper band.
• Set a stop loss near the top of the entry point.
• When the middle band turns green, exit the trade.

Conclusion

TMA Centered Bands Indicator can be used on any timeframe.
There is a possibility of loss because there is no holy-grail indicator.
Combining the TMA Centered Bands Indicator can be used to confirm the trend by using confirmation indicators such as moving averages and the RSI.

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