- MetaTrader 4 indicator
- TMA Centered Bands Indicator
- Age 3+
-
level: Beginner
- English
Author's Instructions
TheTMA Centered Bands Indicator is a MetaTrader 4 indicator that uses the power of the Moving Average to detect the overall trend direction shown by the bands on the chart.
This indicator consists of three bands: theupper band is red, the middle band is red-blue, and the lower band is blue. In uptrends, the middle band turns blue, and in downtrends, it turns red.
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Author's Instructions
TheTMA Centered Bands Indicator is a MetaTrader 4 indicator that uses the power of the Moving Average to detect the overall trend direction shown by the bands on the chart.
This indicator consists of three bands: theupper band is red, the middle band is red-blue, and the lower band is blue. In uptrends, the middle band turns blue, and in downtrends, it turns red.