Overview of the TMA Centered AMP Bands Indicator
The TMA Centered AMP Bands indicator for MT4 draws centered triangular moving average bands that adapt to market volatility. The bands serve as dynamic support and resistance zones, while the centerline reflects the trend direction. This version includes multi-timeframe support and alert functions.
It calculates the bands using ATR for volatility scaling, providing a responsive channel structure that adjusts to recent price action. This helps identify potential reversal zones and trend strength visually.
How to Use It in Practice
In live trading, you can use the TMA Centered AMP Bands to:
- Spot overbought/oversold zones when price reaches outer bands.
- Use the centerline to confirm trend direction and strength.
- Generate entry signals with alerts when price crosses the centerline.
- Switch timeframes for broader or more detailed analysis using MTF support.
It’s a flexible tool for trend-following strategies, reversion setups, and visual trade planning.
Parameter Explanations
TimeFrame
Specifies the timeframe used for the indicator calculation. Can be set to the current or a higher timeframe for multi-timeframe analysis.
HalfLength
Controls the smoothing period of the centerline. Higher values produce smoother but slower-reacting lines.
Price
Chooses which price to apply the TMA calculation to (e.g., close, open, median).
ATRMultiplier
Sets how wide the outer bands are from the centerline, based on ATR.
ATRPeriod
Defines the period used to calculate ATR for band distance.
Extrapolate
If true, the bands extend forward visually for better projection.
Interpolate
When enabled, it smooths the plotted line across bars for better appearance on higher timeframes.
alertsOn
Enables or disables all alerts.
alertsOnSlope
Generates an alert if the slope of the centerline changes direction.
alertsOnHighLowPriceCross
Sends an alert when price crosses the band high or low.
alertsOnClosePriceCross
Sends an alert when the candle closes across the centerline.
alertsOnCurrent
Triggers alerts based on the current live candle instead of waiting for the close.
alertsMessage
Displays an on-screen alert message if enabled.
alertsSound
Plays a sound when an alert condition is met.
alertsNotify
Push notification alert to your device.
alertsEmail
Sends an email alert if enabled.
soundFile
Specifies the sound file used for alerts.
