I have made a few tweaks to the tma_centered_bandsXXXX indicator to reduce the colour changes as the trend changes.

The original version is here. viewtopic.php?p=1295474780#p1295474780

Also I added a take profit alert which is triggered when ever price crosses outside the band. The screenshot below shows where alerts occured at the yellow circles.

The way I use it is if the slope is showing little trend I take profit as soon as the price touches the edge of the band. If there is a strong trend look at taking price at one of the ADR levels 38.25% or 61.85% etc. When price is outside the band and retraces I always get out before it re-enters the band. Usually if the trend continues there will be opportunities to enter at a better price after the next dot inside the ribbon.