Extreme TMA Line is a well-known channel indicator included into multiple Extreme TMA strategies.
There are five inputs:
TMA period – TMA calculation period
ATR period – ATR calculation period
ATR multiplier – channel width ratio
Trend threshold – trend type switch threshold
Redraw – recalculation for compensating the indicator redrawing (Yes/No)
The indicator draws three lines: central (colored) and two channel ones. When detecting a bullish trend, the central line is colored green. When detecting a bearish one, the central line is colored red. The flat state is marked by gray color.
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