TMS Oscillator is a forex trading strategy. The system is named TMS oscillator because it is completely dependent on the oscillators for generating the trading signals. This system has five custom made oscillators which are named TMS oscillator. All these indicators will help you to confirm your trade. The more indicators you have for confirming your trading position the better. The Main chart does not contain any indicators. The main chart window consists of a clean candle stick charts. The colors of the candlestick are also another main part of this trading system. TMS oscillator is a trend following indicator and it allows you to trade only in the direction of the major trend. Trading only in the direction of the major trend is always an advantage to the traders since this will drastically increase the probability of winning a trade.
When all these TMS oscillator is correctly loaded on your trading platform your market chart should look like this:
- TMS OscHisto
TMS OscHisto is a technical tool that is a combination red and green bar. This specific technical tool works as a filtering tool.
- TMS oscHisto
It is also similar to the technical tool that we mentioned above but t has different algorithms so it is different.
- TMS Osc (H4)
TMS Osc (H40 consists of two oscillators of green and red colors which fluctuate between the level of 38 to 56.
- TMS Osc 2TF
TMS Osc 2TF is another oscillator tool but it consists of four oscillators of different colors. The three oscillators are found in red, green, light blue and orange color.
- TMS OscHisto 3TF
TMS OscHisto consists of the market direction updates of the three different time frames. Market direction updates of hourly, four hour and daily timeframes are available in this indicator.
Buying Conditions Using TMS Oscillator system.
- TMS OscHisto should be green in color.
- TMS OscHisto H4 should be green in color.
- Green oscillator of TMS Osc (H4) should be above the red oscillator.
- Green Oscillator of the TMS Osc 2TF should be above the rest of the oscillators.
- Place your stop just below the recent swing low.
- Take your profits when the any one of these TMS oscillators change in to red color.
Selling Conditions Using TMS Oscillator.
- TMS OscHisto should be red in color.
- TMS OscHisto H4 should be red in color.
- Green oscillator of TMS Osc (H4) should be below the red oscillator.
- Green Oscillator of the TMS Osc 2TF should be trending downward.
- Place your stop just above the recent swing high.
- Take your profits when the any one of these TMS oscillators change in to green color.
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