Evolved Dog TMA Slope Indicator

"Track Market Momentum Like a Bloodhound – Never Lose the Scent of Profit!"

🔹 Overview

The Evolved Dog TMA Slope Indicator is a sophisticated momentum oscillator for MetaTrader 4 that visualizes:

✔ Triangular Moving Average (TMA) Slope – Smoothed trend strength

✔ ATR-Normalized Values – Adjusts for market volatility

✔ Multi-Timeframe Analysis – Compare trends across different charts

Ideal for traders who want to:

Identify trend strength/direction

Spot overbought/oversold conditions

Confirm breakouts/reversals

🔹 How It Works

Calculates TMA Slope:

Uses a weighted triangular moving average for smooth trend detection

Compares current vs. previous TMA values

Normalizes with ATR:

Divides slope by 10% of ATR(100) to account for volatility

Visualizes Momentum:

Green/Red Histograms: Strong bullish/bearish momentum

Gold Histograms: Weakening momentum

Text Labels: Real-time slope values & trading signals

🔹 Indicator Settings

🔸 Core Parameters

ParameterDescription

eintPeriodTMA calculation period (Default: 20)

edblHigh1Upper threshold (Default: 0.4)

edblLow1Lower threshold (Default: -0.4)

atrPeriodATR period for normalization (Default: 100)

🔸 Multi-Timeframe Display

ParameterFunction

select_other_tf_to_showChoose timeframe to compare (0=Current)

Font_Color_MTFColor-coded MTF slope (Green/Red/Black)

🔸 Visual Customization

ParameterEffect

Font_SizeMain slope value text size

H_Pos/V_PosText position adjustments

🔹 How to Use in Trading

1. Trend Identification

Strong Uptrend: Slope 0.8 (Dark Green)

Strong Downtrend: Slope -0.8 (Dark Red)

Ranging Market: Slope between -0.4 and 0.4 (Gold)

2. Trading Signals

Buy: Slope crosses above 0.4 + Histogram turns green

Sell: Slope crosses below -0.4 + Histogram turns red

3. Multi-Timeframe Confirmation

Check higher timeframe slope (e.g., H4/D1) for confluence

🔹 Trading Strategies

▶ Momentum Breakout

Enter long when slope breaks 0.8 with rising histogram

Enter short when slope breaks -0.8 with falling histogram

▶ Mean Reversion

Fade extremes near ±0.8 when price hits S/R levels

▶ Divergence Trading

Price makes lower low but slope makes higher low = Bullish reversal

Price makes higher high but slope makes lower high = Bearish reversal

🔹 Alert System

Text Alerts: "Buy Only"/"Sell Only"/"Ranging" labels

Visual Alerts: Color changes in MTF display

🔹 Developer & Source

Original Developer: R.KH 1001

Website: https://www.robomql.com

Final Words

The Evolved Dog TMA Slope Indicator combines trend detection, volatility adjustment, and multi-timeframe analysis into one powerful tool. Whether you're a day trader or swing trader, its intuitive visual signals help you ride trends with confidence.

🐕 Let This Indicator Be Your Guide – Sniff Out Profits Like a Pro! 🐕