Summary of 📥 TMA + Center of Gravity (TMA + COG) indicator for MT4&5 Free Download – [TFlab]

The video presents a tutorial and free download for the TMA (Triangle Moving Average) plus Center of Gravity (COG) indicator designed for MetaTrader 4 and MetaTrader 5 platforms, available on the Trading Finder site.

Key Technological Concepts and Features:

• Indicator Overview:
  The TMA + COG indicator draws a price channel consisting of three lines on the trading chart:
  • Middle line: The TMA line, a specialized moving average used to identify market trends.
    • Ascending TMA line indicates an upward trend.
    • Descending TMA line indicates a downward trend.
  • Upper and Lower lines: TMA deviation bands that create a channel around the TMA line.
• Trading Signals:
  
  • A buy signal is generated when the price moves below the lower band and then re-enters the channel accompanied by a green candle.
  • A sell signal is generated when the price moves above the upper band and then re-enters the channel accompanied by a red candle.
• Installation & Usage:
  
  • Download the indicator file for MT4 or MT5.
  • Enable "Allow DLL Imports" in the platform settings.
  • Drag and drop the indicator onto the chart from the Navigator section.
• Settings and Customization:
  
  • Period setting: Default is 56; higher values show longer-term trends, lower values show shorter-term trends.
  • Price type selection: Choose which price to use for calculations (close, open, high, low, etc.).
  • Deviation setting: Controls the distance between the TMA bands and the TMA line; higher deviation means wider bands.
  • Number of candles: Defines how many candles are used for calculation and display (default 1,000).
  • Example given: period set to 26, price type to close, deviation to 3.

Tutorial and Guide:

• Step-by-step instructions on downloading, installing, and configuring the indicator on MT4/MT5.
• Explanation of how to interpret the indicator’s signals for potential buy and sell decisions.
• Encouragement to share feedback and suggestions in the comments.

Main Speaker / Source:

• The tutorial is presented by TFlab, the creators or distributors of the TMA + Center of Gravity indicator.

Notable Quotes

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Category

Technology

Video