170# TMA Reversal Channel
Trend Reversal Strategy
Submit by Dimitri author Milad Hamid (TradingView Community)
TMA Reversal Channel is a customised TradingView strategy. The source is TradingView Community. The Strategy is based on TMA Channel and is trend reversal.
The goal of the system: is to find the sell and buy zones —trading forex based on price reversal from the price bands triangular moving averages (TMA) with SR zones, momentum, trend line , and price patterns.
TMA system makes it easier to find the price reversal
zones. So the main goal is to spot the buy and sell zones. Reversal can be
✓ A simple retracement - for example, 20- 50 pips
✓ Or change of the major trend direction.
This system will be mainly for scalping so gaining 15-30 pips from this reversal is perfect. But also trading on higher timeframes will give stronger signals and you can aim for higher take profits.
Currency pairs. Best: EURGBP, AUDNZD, EURCHF, AUDCHF, EURUSD.
Type of strategy: reversal trend, price action
Strategy: Scalping, day trading, swing trading.
Time Frame: 5 min or higher.
Currency pairs: any
Indicator TMA Channel.
Price bands penetration - the down bands (best wait until it hit the / last band)
we wait for a small green BUY Signal box to show up on the chart under the candle.
The price reversed from the support line.
The RSI is oversold 30 (the system has a built-in RSI filter so no need to add yours, RSI arrow buy optional.)
Price bands penetration - the top bands (best wait until it hit the / last band)