TMA Slope

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 Only”
Below inferior trigger, the trend is bearish, trading is “Sell Only”
If the slope is included between these 2 levels, the market is probably ranging and no new orders should be initiated

These trading signals should be compared between different timeframes (attached examples), for a better accuracy.

Converted from an MT4 indicator, by a request in the English ProBuilder forum.

//PRC_TMA Slope Norm | indicator
//31.10.2017
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//translated from MT4 code

defparam drawonlastbaronly=true

// --- settings
//eintPeriod = 20
//edblHigh1 = 0.04
//edblLow1 = -0.04
//atrPeriod = 100
// --- end of settings

atr = AverageTrueRange[atrPeriod](close)

dblTma = TriangularAverage[eintPeriod](close)

if barindex>eintPeriod then
 dblPrev = dblTma[1]
 gadblSlope = ( dblTma - dblPrev ) / atr

 if ( gadblSlope[0] > edblHigh1 ) then
  if(gadblSlope[0] < gadblSlope[1]) then
   gadblUp1 = gadblSlope[0]
   gadblUp2 = 0
   gadblDn1 = 0
   gadblDn2 = 0
   gadblMid1 = 0
   gadblMid2 = 0
  else
   gadblUp1 = 0
   gadblDn1 = 0
   gadblDn2 = 0
   gadblUp2 = gadblSlope[0]
   gadblMid1 = 0
   gadblMid2 = 0
  endif
 elsif ( gadblSlope[0] < edblLow1 ) then
  if(gadblSlope[0] < gadblSlope[1]) then
    gadblUp2 = 0
    gadblDn1 = 0
    gadblUp1 = 0
    gadblDn2 = gadblSlope[0]
    gadblMid1 = 0
    gadblMid2 = 0
  else
    gadblUp2 = 0
    gadblUp1 = 0
    gadblDn2 = 0
    gadblDn1 = gadblSlope[0]
    gadblMid1 = 0
    gadblMid2 = 0
  endif
 else
  if(gadblSlope[0] < gadblSlope[1]) then
   gadblMid2 = gadblSlope[0]
   gadblMid1 = 0
   gadblUp1 = 0
   gadblUp2 = 0
   gadblDn1 = 0
   gadblDn2 = 0
  else
   gadblMid1 = gadblSlope[0]
   gadblMid2 = 0
   gadblUp1 = 0
   gadblUp2 = 0
   gadblDn1 = 0
   gadblDn2 = 0
  endif
 endif
endif

if gadblSlope>0 then
 offset = edblLow1
else
 offset = edblHigh1
endif
 
drawtext("#gadblSlope#",barindex,offset*2,Dialog,Bold,16)

if gadblSlope>edblHigh1 then
 drawtext("Buy Only",barindex,offset*3,Dialog,Standard,18) coloured(0,255,0)
elsif gadblSlope<edblLow1 then
 drawtext("Sell Only",barindex,offset*3,Dialog,Standard,18) coloured(255,0,0)
else
 drawtext("Ranging",barindex,offset*3,Dialog,Standard,18) coloured(100,100,100)
endif

return gadblUp1 coloured(0,128,0) style(histogram,1), gadblUp2 coloured(0,255,0) style(histogram,1), gadblDn1 coloured(178,34,34) style(histogram,1), gadblDn2 coloured(255,0,0) style(histogram,1), gadblMid1 coloured(0,128,128) style(histogram,1), gadblMid2 coloured(255,105,180) style(histogram,1), edblHigh1 coloured(100,100,100) style(dottedline) , edblLow1 coloured(100,100,100) style(dottedline)

//PRC_TMA Slope Norm | indicator

//31.10.2017

//Nicolas @ www.prorealcode.com

//Sharing ProRealTime knowledge

//translated from MT4 code

defparam drawonlastbaronly=true

// --- settings

//eintPeriod = 20

//edblHigh1 = 0.04

//edblLow1 = -0.04

//atrPeriod = 100

// --- end of settings

atr = AverageTrueRange[atrPeriod](close)

dblTma = TriangularAverage[eintPeriod](close)

if barindex>eintPeriod then

dblPrev = dblTma[1]

gadblSlope = ( dblTma - dblPrev ) / atr

if ( gadblSlope[0] > edblHigh1 ) then

if(gadblSlope[0] < gadblSlope[1]) then

gadblUp1 = gadblSlope[0]

gadblUp2 = 0

gadblDn1 = 0

gadblDn2 = 0

gadblMid1 = 0

gadblMid2 = 0

else

gadblUp1 = 0

gadblDn1 = 0

gadblDn2 = 0

gadblUp2 = gadblSlope[0]

gadblMid1 = 0

gadblMid2 = 0

endif

elsif ( gadblSlope[0] < edblLow1 ) then

if(gadblSlope[0] < gadblSlope[1]) then

gadblUp2 = 0

gadblDn1 = 0

gadblUp1 = 0

gadblDn2 = gadblSlope[0]

gadblMid1 = 0

gadblMid2 = 0

else

gadblUp2 = 0

gadblUp1 = 0

gadblDn2 = 0

gadblDn1 = gadblSlope[0]

gadblMid1 = 0

gadblMid2 = 0

endif

else

if(gadblSlope[0] < gadblSlope[1]) then

gadblMid2 = gadblSlope[0]

gadblMid1 = 0

gadblUp1 = 0

gadblUp2 = 0

gadblDn1 = 0

gadblDn2 = 0

else

gadblMid1 = gadblSlope[0]

gadblMid2 = 0

gadblUp1 = 0

gadblUp2 = 0

gadblDn1 = 0

gadblDn2 = 0

endif

if gadblSlope>0 then

offset = edblLow1

else

offset = edblHigh1

endif

drawtext("#gadblSlope#",barindex,offset*2,Dialog,Bold,16)

if gadblSlope>edblHigh1 then

drawtext("Buy Only",barindex,offset*3,Dialog,Standard,18) coloured(0,255,0)

elsif gadblSlope<edblLow1 then

drawtext("Sell Only",barindex,offset*3,Dialog,Standard,18) coloured(255,0,0)

else

drawtext("Ranging",barindex,offset*3,Dialog,Standard,18) coloured(100,100,100)

endif

return gadblUp1 coloured(0,128,0) style(histogram,1), gadblUp2 coloured(0,255,0) style(histogram,1), gadblDn1 coloured(178,34,34) style(histogram,1), gadblDn2 coloured(255,0,0) style(histogram,1), gadblMid1 coloured(0,128,128) style(histogram,1), gadblMid2 coloured(255,105,180) style(histogram,1), edblHigh1 coloured(100,100,100) style(dottedline) , edblLow1 coloured(100,100,100) style(dottedline)

day trading signals slope TMA trading signals

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments :

Filename : download the ITF files

How to import ITF files into ProRealTime platform?

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Toto le Heros • 10/31/2017 #
Tx Nicolas. Looks very interresting. No text display on my charts. Any specific option to tick somewhere on the PRT interface to have it displayed or … ?
Tx again and in advance.
- Nicolas • 10/31/2017 #
  Be sure to have these settings set with these values:
  //edblHigh1 = 0.04
  //edblLow1 = -0.04
  (not sure if it’s the case in the ITF file..).
- Toto le Heros • 10/31/2017 #
  Ok, got it ! Great ! Tx

crolakstrading • 10/31/2017 #
Hi Nocolas.. I’m really bog fan of this indicator! is there any possibility make this indicator works on the chart itself… i mean changing colours on the candle stick according to the indicator??

crolakstrading • 10/31/2017 #
Hi Nicolas.. I’m really big fan of this indicator! is there any possibility to make this indicator works on the chart itself… i mean changing colours on the candle stick according to the indicator??

Sorry for the typo above and thanks in advance.
- Nicolas • 10/31/2017 #
  Yes, that’s possible. Please open a new topic in the forum.

crolakstrading • 10/31/2017 #
Just saw your reply thank you!! I will open up a new topic!!

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