TMA Bands are generated from the Triangular Moving Averages calculated from the underlying’s price. The TMA is, in turn, shifted up and down by a fixed percentage. The bands, thus formed, are termed as High low bands.
When the price hits the lower band, it’s a possible reverse Buy signal. When it hits the upper band, it’s a possible Sell signal.
This is a MetaTrader 5 (MT5) indicator and works with all currency pairs and all timeframes. Once you download and install the indicator, it will appear in your trading chart, like the image shown above.
