What is TMA Centered Bands Indicator?
TMA Centered Bands Indicator draws a centered TMA line with upper and lower bands on an MT5 chart. Arrows and caution marks also appear when the configured conditions are present.
The bands frame the distance between price and the centered average. Centered calculations can revise their historical appearance, so the display should be reviewed with current chart structure.
How to use TMA Centered Bands Indicator
Compare price distance from the center line and bands with the center-line slope and completed candles. The arrows and marks are additional chart elements.
Half period, source price, ATR period, ATR multiplier, and the angle caution setting control the calculation and presentation shown in the Inputs image.
Where it helps
Upper and lower ATR-based bands surround the centered TMA line.
ATR period and multiplier settings change the displayed band calculation.
The angle input controls the caution threshold shown by the indicator.
MT5 Indicator Parameters
The table below lists the available MT5 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| Centered TMA half period | Sets the half period used by the centered TMA calculation. Default: 12. |
| Price to use | Selects the price source used by the calculation. Default: Weighted. |
| Average true range period | Sets the ATR period used for the bands. Default: 100. |
| Average true range multiplier | Sets the ATR multiplier used for band width. Default: 2.0. |
| Centered TMA angle caution. In pips | Sets the angle-caution threshold in pips. Default: 4. |
The screenshot above shows the default input parameters in the MT5 settings window.
How to Install .ex5 Indicator in MetaTrader 5
- Download the ZIP file and extract it.
- In MT5, select File → Open Data Folder.
- Open MQL5 → Indicators and copy the EX5 or MQ5 file into it.
- If the package includes library files, copy them to MQL5 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT5, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
