melihtuna

The TMA Slope - TMSlope Oscillator

The TMA Slope oscillator is a simple slope of a Triangular Moving Average compared and normalized with the Average True Range of the last 100 periods (default setting).

This specific version add 2 triggers to give trading signals according to the slope:

- Above superior trigger, the trend is bullish , so trading is “Buy”
- Below inferior trigger, the trend is bearish , trading is “Sell”
- If the slope is included between these 2 levels, the market is probably ranging and no new orders should be initiated
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

This is a great script, simple but effective. Thank you for sharing! !
+2 Reply
IS IT available in metastock language
Reply
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