Adaptive Trend Overlay (Enhanced TMA)

Enhanced TMA Overlay is a professional multi-purpose market overlay designed to help traders identify trend regimes, market structure, price-action patterns, and active trading sessions within a single, clean, non-repainting indicator.

This indicator is inspired by the original TMA Overlay concept and significantly enhanced with adaptive logic, optional strict pattern validation, and robust session handling.
It is built for traders who prefer clarity over clutter and probability over prediction.

Key Features

Smoothed Moving Average Structure

• 21, 50, 100, and 200 SMMA (RMA) lines
• Smooth trend visualization with reduced noise
• Optional display of the 100-period SMMA

Trend Regime Visualization

• EMA(2) compared against SMMA(200)
• Automatic bullish / bearish background fill
• Quickly identifies directional bias and regime shifts

Price Action Pattern Detection

3 Line Strike Patterns

• Classic Mode
  Replicates the original TradingView logic for higher signal frequency
• Strict Mode
  Canonical 3-Line Strike definition:
• Progressive candle bodies
• Full engulfment of the prior three candles
• Designed to reduce false signals
• Separate toggles for bullish and bearish patterns

Engulfing Candles (Big Candles)

• Classic Mode
  Matches the original engulfing logic
• Strict Mode
  Requires a true opposite-color reversal candle
• Useful for momentum shifts and exhaustion signals

Trading Session Highlighting

• Session background shading with full timezone support
• Custom analysis and trading session windows
• Selectable trading days (Monday through Sunday)
• Ideal for CME, London, New York, or custom market sessions

Why Use Adaptive Trend Overlay

• Uses true SMMA (RMA) calculations instead of approximations
• No repainting of historical values
• Strict modes allow control over signal quality vs frequency
• Optimized for real-time performance
• Built with Indie scripting for stability and future-safe calculations

Recommended Usage

• Identify trend direction using SMMA structure
• Use trend fill to confirm bullish or bearish regimes
• Apply strict pattern modes for high-quality price action confirmation
• Combine with session highlighting for intraday precision

Best Timeframes: 15m and higher
Markets: Crypto, Forex, Indices

Important Notes

• Strict modes are enhanced features and do not exist in the original TMA Overlay
• Pattern signals should always be confirmed after candle close
• Not recommended for very low-liquidity or ultra-low timeframes

Enjoy!