TMA Line Extreme Indicator

Platform: MT4 Type: Trend

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Last update: November 11, 2024

The TMA Line Extreme Indicator for MT4 is displayed as a channel with three lines, where the middle one is most important. It helps to detect market direction, trend strength and also in timing the potential entries. Essentially, the main line changes color to reflect trend shifts.

Green color represents bullish momentum, red suggests bearish bias and yellow means indecision or temporary sideways movement. The best trades occur when the bars are within dotted bands as any placement outside can be considered as extreme and risky – in such case return to the median is very likely.

Example chart:

tma line extreme indicator example chart