Extreme TMA Trading Strategies with Arrows Indicator | Buy/Sell Boxes with Take Profit & Stop Loss | 100% FREE DOWNLOAD

The Extreme TMA System Arrows Indicator displays BUY/SELL Signal Arrows as well as the most likely Take Profit. And the Stop Loss is calculated based on the StopLoss:TakeProfit ratio you specify. There are three TMA bands: upper, middle, and lower. When the price crosses the upper band, it reverses and provides a SELL opportunity; when it reaches the lower band, it provides a BUY opportunity. When the trend reverses, the price will at least reach the middle band.

Three items must be checked to confirm this reversal:

1. The TMA Slope (of current and Higher timeframes)

2. Lines of Support/Resistance

3. RSI OverBought/OverSold

Concerning Support/Resistance:

If the price is near to Support and passes the lower band, it will most likely reverse for BUY.
If the price is near to Resistance and passes the top band, it will most likely reverse to the SELL side.

BUY SELL Signal Conditions:

If useHeikenAshiPrice is true – use Heiken Ashi prices
If Price has crossed Upper/Lower bands
If useRSI is true and Price OverBought/OverSold
If checkCurrentTFSlope or checkHTFSlope – do a Slope Check as described in next section
If “Ignore If TakeProfit Too Close” is true – and price is less than “Min Distance from TakeProfit” percentage. See in section below.
If all conditions match you will get a corresponding BUY or SELL Signal and Alert. BUY is Green Background. SELL is Red background.

Slope Check:

If TMA_SlopeThreshold is 0.3.
If Slope < -0.3 means Bearish Trend so show only SELL Signals. Ignore all BUY Signals
If Slope > 0.3 means Bullish Trend so show only BUY Signals. Ignore all SELL Signals
If Slope between -0.3 and 0.3 means Market is Ranging. Show both BUY and SELL Signals
Take Profit Distance Calculation:
If MinDistance is 0.3 means 30%
If 100% distance is between Upper/Lower band and Middle band.
If distance between Upper/Lower band and starting price is already more than 30% then ignore the signal.

Indicator Properties:

Common Dashboard Settings: