Mcginley Dynamic Average
Back to products
Heiken Ashi Histogram
MT5
Watch video
Click to enlarge

TMA Indicator

The TMA Indicator for MT5 displays the market trend direction accurately. The indicator works by taking the average of the closing prices of a certain number of periods and then plotting it on a chart. It is a popular choice for traders because it is free and easy to use.

Trading Style

Indicator Type

Timeframe

Platform

Add to wishlist
0 People watching this product now!
Category:

Downloads - 60

Download now
Description

The Triangular Moving Average, otherwise known as TMA, is an optimized version of the moving average indicator for the MetaTrader 5 platform. This technical indicator smoothed the price of an asset, making it responsive in identifying trend reversals more effectively.

Unlike the traditional moving average, the TMA indicator is very responsive, lags less behind the price, and filters market noise. Therefore, it accurately identifies trend reversal and direction of the market compared to the moving regular average.

Features of the TMA Indicator for MT5

The TMA indicator is a multi-timeframe tool displayed as a line on the price chart, enabling traders to identify the trends and trading opportunities across multiple time frames. It depicts a bullish trend when the price of an instrument crosses above the line, indicating a potential buying opportunity.

Conversely, a bearish trend is when the price closes below the TMA line, which suggests a potential selling opportunity. Furthermore, the indicator allows users to customize the parameters to their trading styles and preferences. For instance, traders can adjust the indicator’s period to suit their strategies.

Benefits of Using the Indicator

  • Accurate Trend Identification: The indicator is responsive to price changes and filters noise, which enables traders to identify market trends accurately.
  • Beginner-Friendly: The TMA indicator depicts bullish and bearish sentiment when the price is above/below the line, making it easy for even a beginner to interpret the market trend at a glance.
  • Trade Confluence: The indicator can be used as a confirmation tool with price action/other technical indicators to make objective trading decisions like entries or exits.

Indicator Settings Description

The indicator comes with the following customizable settings:

Periods: Defines the period of the moving average for trend analysis.

Apply To: Determines the price data used for calculation.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “TMA Indicator”

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

Heiken Ashi Smoothed

Enhance your trading with the Heiken Ashi Smoothed Indicator, a powerful tool to visualize trends and reduce market noise.
MT4
Quick view
Add to wishlist

VWAP Bands

,
Discover the power of the VWAP Bands indicator, which emphasizes volume in its calculation. Gain insights into support and resistance levels, fair value, and trading opportunities. Suitable for all traders, this versatile Metatrader Indicator allows customization across various time frames with adjustable settings for better trading.
MT4
Quick view
Add to wishlist

Trend Strength

,
The Trend Strength indicator for MT4 displays trend direction and strength. Use the trend strength indicator as a standalone indicator or combine it with other technical indicators to improve your trading strategies.
MT4
Quick view
Add to wishlist

Auto Trend Lines Channels

The Auto-Trend Lines Channels indicator for MT4 displays trend lines and channels on the chart. The Auto Trend Lines and Channels Indicator is easy to use, and it works by analyzing the market price action to identify key support and resistance levels.
MT4
Quick view
Add to wishlist

Automatic Trendlines

The Automatic Trendlines indicator is a new and popular free to use MT4 indicator designed to automatically draw trendlines on your chart, saving you time and effort. The indicator uses advanced algorithms to determine trendlines based on price movement and can be used on any currency pair or timeframe. The Automatic Trendlines indicator is a useful tool for traders who want to quickly and easily identify trends in their charts.
MT4
Quick view
Add to wishlist

Auto Trend Line

Enhance MT4 charts with Auto Trend Line Indicator. Accurate trend lines adjust to market shifts, aiding traders in dynamic analysis.
MT4
Quick view
Add to wishlist

Trend Magic

The Trend Magic Indicator is a popular, free forex MT4 indicator that uses a combination of moving averages and filters to identify the trend direction and potential trade opportunities. The indicator appears as a line that changes color according to the current trend direction. The green color indicates a bullish trend, while the red color indicates a bearish trend. It is simple to use and can be a valuable tool for traders to identify potential entry and exit points in the market.
MT4
Quick view
Add to wishlist

Sideways Detector

The Sideways Detector indicator for MT4 displays periods of sideways movement of the price. It is a useful tool for traders of all levels who want to improve their trading performance by staying ahead of market trends. Download for free! Try now.