Triangular Moving Average (TMA) Slope Alert indicator is a free MT4/MT5 indicator that you can download here and use in your MetaTrader to receive notifications via email, mobile app, and in the platform when triangular moving average slope crosses zero.
Triangular moving average indicator is a modified version of one of the most basic technical indicators used in trading — moving average, commonly also known as MA, — while the Triangular MA is known as TMA.
You can see triangular moving average on a chart represented by a line.
The value of the Triangular Moving Average is smoothed moving average of the smoothed moving average of the price.
So, in practice a TMA is a smoothed MA — you just apply double smoothing to the prices to calculate it.
This double smoothing often allows traders to avoid whipsaw in entry and exit.
The slope of TMA is an indicator of the momentum of TMA's movement.
In many cases, it is useful to be notified when TMA's momentum changes according to its slope. You can benefit from these alerts in both trend following and trend reversal strategies.
To obtain this missing feature, you can download our TMA Slope Alert indicator for MetaTrader.
This indicator allows you to receive alerts when TMA slope crosses the zero level. You can choose to receive notifications via:
Another useful feature of TMA Slope Alert indicator for MetaTrader is that it can draw buy and sell signals in the shape of arrows when there is a crossover with zero.
If you are interested in alert indicators, you can use the source code of the present TMA Slope Alert Indicator for your further development. Additionally, you can inspect the code of our Alert Indicator Template, which was used as a foundation for this indicator.
You can download the indicator for free using the link below and install it by following the provided instructions.
The installation is very easy to perform. The same is true for using this tool.
Once you run the indicator you can set the parameters. You can select TMA period to use and how to receive notifications.
➥ Download MQLTA MT4 TMA Slope With Alert
To install MT4 TMA Slope Alert Indicator, please follow the instructions below:
For more detailed instructions on how to perform the installation please visit this article.
TMA Slope Alert Indicator for MetaTrader 5 is a plugin that allows you to set up alerts for TMA Slope histogram crossing the zero line on your MT5 chart. It has exactly the same features as the version of the indicator for MT4.
You can download the indicator for free using the link below and install it by following the provided instructions.
➥ Download MQLTA MT5 TMA Slope With Alert
To install the MT5 TMA Slope Alert Indicator please follow the instructions below:
For detailed instructions on how to setup the alerts in MetaTrader please refer to our guide on notifications in MT4/MT5..
You can open a trading account with any of the MT4 Forex brokers to freely use the presented here indicator for MetaTrader 4. If you want to use an MT5 version of the indicator presented here, you would need to open an account with a broker that offers MetaTrader 5.