TMA Center Band Indicator Download for MetaTrader 5 - Free - [TFLab] - MT4/MT5 Resources

On June 23, 2025, in version 2, the indicator added alert/notification functionality

TMA Center Band indicator , a feature of the MetaTrader 5 indicator , uses a Moving Average (MA) visualization through three bands on the chart to determine the current market trend. In bullish trends , the middle band is colored blue , and in bearish trends, it turns red .

When the price exits the upper band, there is a possibility that the price will reverse back to the upper band, which indicates a sell signal .

Similarly, a breakout below the lower band usually indicates a buying opportunity. This setup provides traders with potential visual cues for entry and exit points based on trend changes and band interactions.

Indicator Table

The Texas oil price chart with symbol [WTI] The chart below shows what is happening on the 4-hour time frame.

Looking at the $73 price level, a breakout from the lower band , followed by a return within the band and the mid-band turning blue , indicates a trend reversal uptrend , prompting a buy signal.

Additionally, at the $82 price level, price breaks the upper band indicator's midline to red , signaling a downtrend and a sell opportunity.

These movements provide key indicators for traders to adjust their strategies based on these trend changes and band interactions.

Overview

In all styles and methods of analytical trading , accurately identifying the direction trend is crucial.

The TMA (triangular moving average) indicator, by leveraging Moving Averages (MA) , depicts a range that can indicate the current trend and future trend direction.

This range is very similar to the Bollinger Bands indicator, with the bands acting as support and resistance levels against price movements .

Uptrend signal (buy position)

In the image below, the chart of the USD/CAD currency pair with the symbol (USDCAD) is shown on the 1 hour time frame.

At points A and B , price breaks below the lower band and then reverses back into that band, middle band of the indicator turning blue .

Under these conditions, a bullish indicator has signaled a trend and you may consider looking for buy trades , especially with additional confirmations such as candlestick patterns .

Downtrend signal (sell position)

In the image below, a chart of the AUD/JPY currency pair, with the symbol (AUDJPY) , is shown on a 30-minute time frame.

At points A and B , the price breaks through the upper rail line, then reverses back to the upper rail line, and the indicator is turning red at the middle rail line.

In these circumstances , the indicator has given a bearish trend signal. Consider looking for sell transactions, especially additional confirmations such as reversal patterns in shorter time frames .

Settings of TMA indicator

• HalfLength : This indicator considers 12 candles for averaging. This setting determines its sensitivity to recent price changes.
• Price : This setting uses the closing price ('Close') , which indicates that the indicator should use the closing price of each candle to calculate the moving average.
• AtrPeriod : The period of the Average True Range (ATR) indicator is set to 100 . The extended time period helps smooth out the ATR calculation, making it less sensitive to smaller price swings and a better indicator of market movements over a wider time frame.
• TypeMultiplier : The bandwidth multiplier is set to 2 . This multiplier affects the distance between the center and outer bands, determining the width of the bands relative to the average true range. The higher the multiplier, the wider the range, potentially capturing more of the price action between the ranges.

Conclusion

The TMA-centered bands indicator can be used in all trading strategies , especially for analytical styles based on market trends . This Band and Channel indicator for MT5 effectively indicates the trend direction.

Therefore, traders can use it to identify the trend direction and look for confirmations on shorter time frames before entering trades.

This approach helps align trades with broader market movements, potentially increasing the success rate of the trades implemented strategies .