[gtranslate]

At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase

Are you sure you want to subscribe to "Channel Indicator" results?

You will receive daily updates in telegrams. You can manage notifications on the subscriptions page.

Subscribe
Cancel
Get link for Download Source Code "Channel Indicator"

forexroboteasy.com

The TMA (Triangular Moving Average) channel indicator is a unique tool designed for Forex trading. It leverages the principles of moving averages and volatility to create a responsive channel that adjusts to market conditions. This article will delve into the workings and benefits of the TMA channel indicator, providing insights into its application in trading strategies and technical analysis.

Understanding the TMA Channel Indicator

TMA is a form of channel indicator. It creates a channel that is centered on a moving average (MA). The ends of the channel are defined by multiplying the MA by the ATR (Average True Range), a popular volatility indicator. The channel’s width is therefore a reflection of market volatility, becoming narrower in periods of low volatility, and wider when market swings are more pronounced.

Principles and Operations of TMA

The core operation of this system is based on price reversal. This happens when the price bars intersect with the upper or lower extremes of the channel, signaling overbought or oversold conditions. These conditions often occur when trend-following traders enter the market late, causing the price to reverse due to correction or change of direction.

A unique feature of the TMA channel indicator is its ability to account for the ratio of price bars within the channel. In its default configuration, approximately 8% of the price bars will break out of the channel, which could signify a higher level of accuracy in pinpointing potential price reversals.

Key Parameters of the TMA Channel Indicator

The TMA channel indicator comes with several parameters that allow traders to customize it to their needs. These include:

  • Triangular Moving Average Period: This defines the period of the moving average used to construct the channel. It uses LWMA (Linear-Weighted Averaging).
  • ATR Period: This parameter refers to the period of the ATR indicator. The value for this period is multiplied by the LWMA value.
  • Bars to Optimize: This is the number of bars the indicator attempts to optimize. The default setting is 100 bars.
  • Profit Trades Ratio% (estimated): This is the percentage of bars that the indicator attempts to contain within the channel.
  • Top Line Color/Width and Bottom Line Color/Width: These parameters control the color and thickness of the top and bottom lines of the channel.

The indicator’s buffers are as follows (for developers):

Buffer1 = Center Line (index 0)
Buffer2 = Top Line (index 1)
Buffer3 = Bottom Line (index 2)

Applying TMA in Forex Trading

Here is an example of how the TMA channel indicator can be utilized in an Expert Advisor:

double Buffer2=iCustom(_Symbol, _Period, "Channel Indicator", TMAPeriod, ATRPeriod, BarsCount, BarsRatio, BottomLineColor, 4, TopLineColor, 4, 1, 0);
double Buffer3=iCustom(_Symbol, _Period, "Channel Indicator", TMAPeriod, ATRPeriod, BarsCount, BarsRatio, BottomLineColor, 4, TopLineColor, 4, 2, 0);

FAQ

Where can I see testing for this product?

Independent testing of the TMA channel indicator is available on the forexroboteasy.com website. You can also subscribe to updates on the testing results of this product.

Can I share my experience with this product?

Absolutely! We encourage users to share their experiences with the TMA channel indicator. Your insights can be valuable to other traders exploring this tool.

This article is an independent review of the TMA channel indicator. It seeks to provide objective information about the product, without any affiliations to the developers or vendors of the product.

Channel Indicator Review: Mastering Volatility with TMA

forexroboteasy.com

Write review
Reviews
4

1 total

5 stars

0%

4 stars

0%

3 stars

0%

2 stars

0%

1 stars

0%

Sort:
Most relevant
Kryptofe

1 review

9 months ago

Unbiased Review: Channel Indicator Forex Trading Software

The Channel Indicator is a brilliant piece of software that has become an integral part of my trading strategy. It's a great tool to identify potential points of reversal and volatility in the market. These are critical factors in Forex trading and having a reliable tool to identify them has made a significant difference in my trading results. I've been using Enrique's products for quite some time now and they never fail to impress me. The Channel Indicator, like all his other products, is fantastic. It's user-friendly, reliable, and most importantly, effective. It has helped me make more informed trading decisions, reducing the risk and increasing the potential for profit. What I appreciate most about the Channel Indicator is its accuracy. It's spot-on in identifying potential reversal points, allowing me to enter and exit trades at the most opportune moments. It also gives me a heads up on market volatility, which is crucial in managing my trades and mitigating risk. Another aspect that I love about this software is its simplicity. It's straightforward and easy to use, even for someone who is not tech-savvy. The interface is clean and intuitive, making it easy to navigate and understand. It's clear that a lot of thought and effort has gone into designing this software to make it as user-friendly as possible. I also appreciate the continuous updates and improvements made to the software. Enrique is always looking for ways to make his products better and more effective. This commitment to excellence and customer satisfaction is evident in the Channel Indicator. In conclusion, the Channel Indicator is a fantastic tool for any Forex trader. It's a great indicator for identifying points of reversal and volatility, making it an invaluable tool in my trading arsenal. I'm grateful for Enrique's commitment to providing high-quality, effective trading tools. His products, including the Channel Indicator, have made a significant difference in my trading journey. I highly recommend it to any trader looking for an edge in the Forex market.