Forex Extreme TMA Bands Swing Trading Strategy
Forex Extreme TMA Bands Swing Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its source code uses divergence checks, moving averages and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 40 settings, for example Line 60 bars Color (default DimGray), Line 60 bars Style (default 2) and Line 60 bars Width (default 1). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 15 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Extreme TMA Bands Swing Trading Strategy
Forex Extreme TMA Bands Swing Trading Strategy is an indicator for MetaTrader 4 based on Divergence, Moving Average and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 40 settings, such as Line 60 bars color, Line 60 bars style and Line 60 bars width. MQL source code included.
Files in the download: !ExtremeTMA_v33.ex4, 60_and_200_bars_back.mq4, CandleCountdown.mq4, Display symbol and timeframe.mq4, extreme tma bands nk forex sytem.tpl, ExtremeTMAInfo.mq4, ExtremeTMALine.mq4, HA.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Line 60 bars color | DimGray | Yellow |
| Line 60 bars style | 2 | |
| Line 60 bars width | 1 | |
| Line 200 bars color | DimGray | Yellow |
| Line 200 bars style | 2 | |
| Line 200 bars width | 1 | |
| Draw as background | TRUE | |
| Right shift from bar | 4 | Bar shift (0 = current bar) |
| Font size | 14 | |
| Font id | Arial | |
| Font color | DarkOrange | Colour on the chart |
| Horiz pos | 5 | |
| Vert pos | 5 | |
| Corner | 2 | |
| Neutral color | LightGray | Colour on the chart |
| Bull color | SeaGreen | Colour on the chart |
| Extreme bull color | Lime | Colour on the chart |
| Bear color | Orange | Colour on the chart |
| Extreme bear color | Red | Colour on the chart |
| Tma period | 56 | Period or timeframe used by the calculation |
| Tma atr period | 100 | Period or timeframe used by the calculation |
| Tma band size | 2 | |
| Tma slope threshold | 0.5 | |
| Tma band size h1 | 3 | |
| Tma band size h4 | 3 | |
| Pivot hours shift | 0 | Bar shift (0 = current bar) |
| Pivot threshold | 10 | |
| Ma period | 10 | Period or timeframe used by the calculation |
| Ma shift | 1 | Bar shift (0 = current bar) |
| Size | 13 | |
| Font | Arial | |
| Show price | false | |
| Show daily atr | true | |
| Show spread | true | Maximum spread allowed to trade |
| Show tma size | true | |
| Show tma size h1 | true | |
| Show tma size h4 | true | |
| Show slope | true | |
| Show slope h1 | true | |
| Show slope h4 | true |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · Alerts · Divergence · Multi-Timeframe (MTF) · Moving Average · ATR · MT4 Indicator · MQL4 Source Code