Extreme_TMA_line_indicator - MetaTrader 5 Script - MT4/MT5 Resource
Extreme TMA Line is a well-known channel indicator included in several Extreme TMA strategies.
There are five inputs:
The indicator draws three lines: the central line (colored) and two channel lines. The center line is green when a bullish trend is detected. When a bearish line is detected, the center line appears in red. Flat states are marked in gray.
Figure 1. Extreme TMA Line, Redraw = Yes
Figure 2. Extreme TMA lines, redraw = no
Attachment download
📎 extreme_tma_line_indicator.mq5 (12.74 KB)
Source: MQL5 #22350
Extreme_TMA_line_indicator - MetaTrader 5 script usage and filtering suggestions
Extreme_TMA_line_indicator - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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