Forex Indicator – T3MA ALARM settings:
T3MA-Alarm is a fairly effective indicator that relies on a moving average with a single period.
T3MA as well as practically all indicators of this type has huge advantages over other instruments, the main one of which is the visibility of the output signals. This feature significantly simplifies the process of the trader’s work, and also allows him to make the decision on entering the market as quickly as possible.
The T3MA indicator gives signals of two types: the red arrow appears at the time optimal for opening the deal for sale, and the blue arrow appears when the trader needs to create a deal to purchase the currency.
Unfortunately, the visibility of signals issued by the T3MA-Alarm indicator does not always help traders. This is because after a long time using this tool a trader can lose the “sense” of the market, which in turn will not allow him to conduct additional analysis in time and make a competent decision in an emergency situation.
For this reason, in order to exclude the possibility of creating deliberately erroneous orders, experienced traders recommend using additional tools.