Monday, November 6, 2017

TTF Candles AM

TTF Candles AM


Performance indicators developed based on ideas, rooted in the quite popular among traders Trend Trigger Factor indicator. The indicator determines the direction of price movement by comparing the minimum and maximum price of the current candle with minimum and maximum prices for a longer period.





Item display



  • longTTFbars - number of candles used to calculate the price movement over a longer period of time (may not be less than 2)

  • shortTTFbars - number of candles used to calculate the price movement in less time (can not be less than 2)

  • indBarsCount - parameter affects only the display of the indicator and determines the number of candles on which the display (if set to 0, the indicator will be displayed on all the candles graphics) will be displayed


When the color of basic settings indicator gives the following signals:



  • Shaped candle has a color Lime - indicator confirms the systematic growth of the price highs and lows. Suitable installation order Buy Stop at the maximum of the first candle, painted that way.

  • Shaped candle has a color Red - indicator confirms the systematic drop in the price highs and lows. Suitable setting Sell Stop order at least the first candle, painted that way.

  • Shaped candle has a color Gray - It indicates the weakness of the trend. In an open position suitable setting Stop Loss order on the high / low of the first candlestick, painted that way.


The indicator is not redrawn.


TTF Candles AM

Video



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