I have been working on the TMA Bands indicator posted previously and added entry alerts. Now it is like painting with numbers, very simple and clear what to do. It is still mostly XARD just with a few bells and whistles.

Alerts will not be triggered when the TMA band is grey due to no trend. When price leaves the ribbon and it matches the TMA band trend it will alert you immediately. You will need to look if it is a valid trade though ie a second dot has occurred. I suggest taking profit when price touches the edge of the TMA band unless it is a strong trend/breakout. Then reenter after the next dot in the central ribbon and trend continuation at the edge of the ribbon. The Alert Spacing setting is the number of seconds before another alert on that chart can be triggered. You can adjust to a larger number if you are getting too many alerts. The MA setting match V20 & V30, Slope Threshold controls how much Grey space is shown.

The green circles indicate entries and the yellow take profit, last TP was at the 61.85 ADR level. 38.25ADR is also a good place to be taking profit.

The TMA band recalculates and before anyone screams it repaints, repainting is not the same thing. The first yellow circle in the screen shot was on the edge of the TMA band at the time price got there. TMA is a Triangular Moving Average, this means the values to calculate the average from the center have a higher weighting in the final calculation than the values closer to the start and finish.

This works with version 20 or 30, just copy ALL the indicator files to your indicators and templates to templates. Then choose one of the 4 templates, I normally trade on M5. If you want to make your own setup you need to load the tma bands indicator before Universe etc otherwise it will be on top of everything loaded before it. If you like this and want future updates click the thumbs up.