TMA Line Extreme (MT4)

TMA Line Extreme tracks Triangular Moving Average (TMA) swings and flags extreme distance from the TMA band. It’s a practical tool for mean‑reversion pullbacks and for filtering late trend chases in MetaTrader 4.

What it shows

• TMA baseline + envelopes: the dynamic mean and its band.
• Extreme tags: when price stretches unusually far from the TMA.
• Color/alerts (if enabled) on crosses, band touches and normalization.

Trade ideas

1. Fade extremes: look for reversal setups when price tags an extreme and snaps back toward TMA.
2. Trend filter: in strong trends, avoid counter‑moves until price normalizes inside the band.
3. Pullback confirmation: after a tag, wait for a hook back across signal/median to enter with tight risk.

Inputs that matter

• TMA period — defines the mean and envelope distance.
• Envelope factor/method — how wide the extreme band is.
• Source price — Close/Typical/Weighted.
• Alerts — band touch, cross, normalization.
• Colors/widths — quick visual read.

Suggested usage

• M5–M15: intraday mean‑reversion + session filters.
• M30–H4: swing pullbacks and late‑trend avoidance.
• Combine with ATR stops and structure levels.

Installation (MT4)

1. Open MetaTrader 4 → File → Open Data Folder.
2. Copy tma-line-extreme-indicator.ex4 to MQL4/Indicators.
3. Restart MT4 (or refresh Navigator) and attach TMA Line Extreme.
4. Tweak inputs → OK.

FAQ

Does it repaint? Classic centered TMA can repaint historically; entries should be based on closed bars and confirmation.
Use in EAs? Yes, via iCustom.
Markets? FX, indices, metals — anything on MT4.

Disclaimer: Test on a demo account first; risk management is essential.