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TMA Indicator v2.1

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This indicator is designed to show support and resistance at local extremes.

  • Indicator can be configured to filter out bullish vs bearish resistance levels based on configurable parameters.
  • Supports alerts for entries and exits based on breakouts of local extrema.


Green/Red indicates long/short entry
Yellow/Orange indicates long/short exit

Backtest window: Jan 1, 2015 - Jul 21, 2019 (today)

For paper trading only. Do not use on real markets. Never make investment decisions based on this indicator alone.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.