TMA Channel
Scalping Indicator
100% FreeRuns on MetaTrader 5 on a computer · 24 KB
It draws a dynamic moving average channel above and below price to define overbought and oversold areas. A buy signal comes when price touches the lower band and a sell signal when it touches the upper band, with a cloud showing momentum strength and direction.
Yakuzza test result
We ran this indicator in the MetaTrader 5 Strategy Tester on XAUUSD (M15) over September 2026. It loaded and ran without errors.
How to install
Open MetaTrader 5, then File -> Open Data Folder. Go into the MQL5 folder, then Experts for a robot or Indicators for an indicator, and drop the file there. Restart the platform and you will find it in the Navigator panel.
Library last updated:
Questions about TMA Channel
Is TMA Channel free?
Yes. TMA Channel is free to download on Yakuzza, with no subscription and no card. You only need a free account to download it.
Does TMA Channel work on MT4?
No. The file in our library is built for MetaTrader 5 (.ex5), so it will not load in MetaTrader 4. MetaTrader 5 is free from your broker.
Which symbol and timeframe should I use?
The developer does not list fixed settings. We tested it on XAUUSD M15, so that is a safe place to start on a demo account.
Has TMA Channel been tested?
Yes. We ran it in the MetaTrader 5 Strategy Tester on XAUUSD (M15) over September 2026 and it ran without errors.
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