Summary of "📥 TMA + Center of Gravity (TMA + COG) indicator for MT4&5 Free Download – [TFlab]"

The video presents a tutorial and free download for the TMA (Triangle Moving Average) plus Center of Gravity (COG) indicator designed for MetaTrader 4 and MetaTrader 5 platforms, available on the Trading Finder site.

Key Technological Concepts and Features:

Indicator Overview: The TMA + COG indicator draws a price channel consisting of three lines on the trading chart:
- Middle line: The TMA line, a specialized moving average used to identify market trends.
  - Ascending TMA line indicates an upward trend.
  - Descending TMA line indicates a downward trend.
- Upper and Lower lines: TMA deviation bands that create a channel around the TMA line.
Trading Signals:
- A buy signal is generated when the price moves below the lower band and then re-enters the channel accompanied by a green candle.
- A sell signal is generated when the price moves above the upper band and then re-enters the channel accompanied by a red candle.
Installation & Usage:
- Download the indicator file for MT4 or MT5.
- Enable "Allow DLL Imports" in the platform settings.
- Drag and drop the indicator onto the chart from the Navigator section.
Settings and Customization:
- Period setting: Default is 56; higher values show longer-term trends, lower values show shorter-term trends.
- Price type selection: Choose which price to use for calculations (close, open, high, low, etc.).
- Deviation setting: Controls the distance between the TMA bands and the TMA line; higher deviation means wider bands.
- Number of candles: Defines how many candles are used for calculation and display (default 1,000).
- Example given: period set to 26, price type to close, deviation to 3.

Tutorial and Guide:

Step-by-step instructions on downloading, installing, and configuring the indicator on MT4/MT5.
Explanation of how to interpret the indicator’s signals for potential buy and sell decisions.
Encouragement to share feedback and suggestions in the comments.