TMA CG NRP Indicator
Platform: MT4 Type: Channel Last update: November 17, 2024The TMA CG NRP Indicator for MT4 displays reliable and colorful channel enhanced with center of gravity, along with buy/sell arrows. What’s more, it has no-repainting feature so it’s not redrawing the once placed formation.
The entries are presented in such a friendly and simple way so even beginners can start using it straight away.
Explaining signals of the tma cg indicator for mt4
Typically for channel gauges, trading opportunities happen near the bands. Its upper band reflects the overbought price level, and the lower band reflects the oversold level. Once the price gets there or exceed it, there is high-probality reversal coming.
There are two types of setups. For the bullish setup, the upper and lower lines are consequently orange and green. The entry suggestions are marked with light blue arrows. The bearish scenario is based on red and orange lines and orange arrows.
Example chart
It works really well when combined with trend indciators. This screenshot below shows the TMA CG in conjunction with a 100 period exponential moving average. Depending on the alignment of the channel in relation to ma (above or below), one should place trades only in the overall trend direction, getting even more profitable signals.
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