TMA Slope Indicator

TMA Slope Indicator

TMA Slope Indicator For MT4 plots a histogram with green, red, and gray bars indicating a bullish price trend, bearish market trend, or neutral trend.

The TMA slope indicator for MT4 provides forex trading signals based on the Triangular moving averages. In fact, the indicator plots a histogram with green, red and gray bars indicating bullish price trend, bearish market trend or neutral trend.

Since the indicator provides visual trading signals it is suitable for new and advanced forex traders. However, traders should use additional indicator for confirmation of trading signals as the TMA slope indicator repaints.

TMA Slope Indicator For MT4 Trading Signals

The above GBPUSD M15 price chart shows the TMA slope indicator for MT4 in action. Generally, the indicator displays the histogram in Green, Red and Gray colors.

Bullish trading conditions are in Green and bearish trading signals are in Red. Additionally, the grey histogram shows neutral condition. So traders should enter the markets with a BUY position at a green histogram and sell at a red histogram. However, traders should be aware that this indicator may repaint.

Conclusion
The TMA Slope indicator for MT4 is an indicator for forex traders using the Triangular moving average for technical analysis.