OPEN-SOURCE SCRIPT
The TMA Slope - TMSlope Oscillator
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”
- Below inferior trigger, the trend is bearish, trading is “Sell”
- If the slope is included between these 2 levels, the market is probably ranging and no new orders should be initiated
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”
- Below inferior trigger, the trend is bearish, trading is “Sell”
- If the slope is included between these 2 levels, the market is probably ranging and no new orders should be initiated
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.