I though we can use a TMA angle indicator with a limit amount average which below or above it, will be a good scale for us to enter or not to enter a trade.
Assume a trend changing (already a bullish and now a bearish) and we all need to know if the TMA is in a doubt mode ( I mean not a strong bear or bull ) or It knows its way and is in a good trend.
To do so, we can have an average amount of TMA slope and multiply it by an average factor like 20% of its real average and consider it as our limit amount!
That is, if the TMA (+) amount slope is under the 20% of its average and TMA (-) amount slope is above its 20% average we are in a doubt mode and we can take both long and short positions But if it is upper than this (+) limit we can just take long and if below (-) limit we can take only short positions
Attached i did this with a MA angle indicator but i could not find TMA slope.mq4 to adjust this with its configs. if any body has the mq4 format please post it here or just add the last script at the end of TMA angle(1) so we can have good average lines on our TMA slope indicator.
Regards
Shahrooz
Assume a trend changing (already a bullish and now a bearish) and we all need to know if the TMA is in a doubt mode ( I mean not a strong bear or bull ) or It knows its way and is in a good trend.
To do so, we can have an average amount of TMA slope and multiply it by an average factor like 20% of its real average and consider it as our limit amount!
That is, if the TMA (+) amount slope is under the 20% of its average and TMA (-) amount slope is above its 20% average we are in a doubt mode and we can take both long and short positions But if it is upper than this (+) limit we can just take long and if below (-) limit we can take only short positions
Attached i did this with a MA angle indicator but i could not find TMA slope.mq4 to adjust this with its configs. if any body has the mq4 format please post it here or just add the last script at the end of TMA angle(1) so we can have good average lines on our TMA slope indicator.
Regards
Shahrooz
Attached File(s)
TMA Angle (1).mq4
4 KB
|
1,818 downloads