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TMA Slope No Repaint Alert

The Triangular Moving Average (TMA) Slope NRP Alerts indicator for MT4 determines the direction and strength of the market. With its easy to use features, this indicator is a great tool for any trader looking to make informed trading decisions.

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Description

The TMA Slope NRP Alerts indicator for MT4 is an optimized moving average that accurately determines trend direction. It uses a double smoothing feature to filter false moves and determine the probable direction of the market.

Features of the TMA Slope NRP Alerts Indicator for MT4

The indicator displays the slope of the TMA as histogram bars above or below a zero line. The histogram bars above the zero level indicate an uptrend, while a downtrend is when the bars are below the zero line. Additionally, the bigger the histogram bars, the stronger the trend’s strength, and vice versa. This makes it easy for traders to determine the market trend direction and strength at a glance.

Furthermore, the indicator has an alert system to notify traders when the TMA crosses the zero level to the upside/downside, signaling potential trading opportunities. It sends such alerts via email, push messages, and on-screen.

Benefits of Using the Indicator

  • Accurate Trend Identification: The indicator smooths out the price to determine the major trend direction of the market. This can help traders identify the probable beginning of a trend reversal or continuation of trading opportunities.
  • Non-Repainting: The indicator displays accurate signals that do not repaint, which makes its signals reliable for back testing and strategy development.
  • Divergence Detection: The indicator enables traders to identify valid bullish/bearish price divergences for potential trend reversal trading opportunities.

Indicator Settings Description

The indicator comes with the following customizable settings:

FastTma: Defines the period of the fast TMA.

SlowTma: Defines the period of the slow TMA.

tmaPrice: Determines the TMA price level to begin analysis.

ArrowsOnScope: Enables/Disables arrows on the slope

hiLevel: Defines the high level.

loLevel: Defines the low level.

alertsOn: Enables/Disables the alerts system.

alertsOnScope: Enables/Disables alert on the slope.

AlertsOnCurrent: Enables/Disables alerts on current candlestick.

alertsMessage: Enables/Disables alert via push message.

alertsSound: Enables/Disables alert sound.

alertsEmail: Enables/Disables alert via email.

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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.

 

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