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TTF Candles AM

This indicator is based on the idea of a popular Trend Trigger Factor indicator. The indicator determines a price movement direction comparing high and low of the current candle with high and low of a price for a longer period.


The indicator parameters

  • longTTFbars - number of candles to calculate the price movement direction for a longer period of time (cannot be less than 2)
  • shortTTFbars - number of candles to calculate the price movement direction for a shorter period of time (cannot be less than 2)
  • indBarsCount - this parameter affects only the display of the indicator and determines a number of candles where the indicator is displayed (if 0, the indicator will be displayed on all candles of the chart)

If set by default, the indicator generates following signals:

  • A formed candle has Lime color - the indicator confirms consistent growth of highs and lows of the price. There are good reasons to place Buy Stop orders on high of the first candle having such color.
  • A formed candle has Red color - the indicator confirms consistent fall of highs and lows of the price. There are good reasons to place Sell Stop orders on low of the first candle having such color.
  • A formed candle has Gray color - the indicator shows that the trend is weak. If you have an open position, it makes sense to place Stop Loss orders on the High/Low of the first candle having such color.

The indicator does not redraw.

Reviews 1
fxpat
101
fxpat 2021.05.27 11:29 
 

good indicator for experienced traders....!

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Open High Low Close Внешняя Свеча Индикатор внешних свечей наложенных на график с выбранными вами тайм фреймом. Наглядно отображаете уровни OHLC и пройденное значение ATR текущей свечи и свечей в истории. OHLC — аббревиатура, дословно расшифровывается как: O — open (цена открытия интервала (бара или японской свечи)). H — high (максимум цены интервала). L — low (минимум цены интервала). C — close (цена закрытия интервала). Данный индикатор наглядно покажет трейдеру, уровень открыт
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PipTick Currency Barometer MT4
Michal Jurnik
PipTick Currency Barometer is one of our most favorite indicators. It measures the strength of two currencies represented in the pair and compares the difference between them. The result is shown as a histogram where you can simply identify which currency is the strongest. This indicator is designed to measure the strengths and weaknesses of eight major currencies (USD, EUR, GBP, CHF, CAD, JPY, AUD and NZD) and works on 28 currency pairs. The PipTick Currency Barometer uses CCI method (Commodity
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PipTick Currency Index MT4
PipTick Currency Index MT4
Michal Jurnik
PipTick Currency Index is a really helpful tool that enables traders to display any index of eight major currencies. The indicator uses the unique calculation formula that reflects actual volume of forex market. Basically, it is a weighted average of currency pairs values which form the crosses of index currency. The default weights are based on the results of the BIS Triennial Central Bank Survey. Because of this advantage, the trader can see the true strength and weakness of each currency. Not
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ProCanal
ProCanal
Uladzimir Izerski
MT4. Многофункциональный индикатор  автоматически определяет и рисует волновые каналы, а также линии поддержки и сопротивления. Показывает тренд младшего периода и границу пробоя старшего. Это не стандартный канал. Работает совершенно по новому принципу.  В алгоритм  построения канала заложен принцип закона золотого сечения. Работает на графиках любого инструмента. Для лучшего восприятия каналы окрашены в разные цвета. канал с синим фоном - основной вверх. канал с красный фоном - основной канал
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InfoPanelMarket
InfoPanelMarket
Chantal Sala
Informational indicator which shows: Swap Price under/upper Open for every Time Frame Spread Time to close the current candle Broker Time Net Change: delta in percentage from Open (MN-W1-D1) Tick Value Volumes Info for every trades open: Lots Breakeven Profit Buy-Profit Sell Equity Symbol Positive values are green and negative values are red (modifiable in input). Inputs: View BE line (enable/disable) View all Symbol (shows the list of symbol) Color (for every text) Line Color (for BE line)
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Vladimir Skorina
The CCI FIBO trend indicator displays the real sentiment of the market. Does not redraw. The CCI FIBO indicator is based on the processed values of the standard CCI indicator. The indicator is able to display the slowing\reversal of the price during the trend movement (for exiting the position, and with some experience to display the opening in the opposite direction, for example, to use in scalping). It shows spikes in a flat. The idea of the indicator was that there are indicators that are goo
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EMA Dashboard
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Chantal Sala
Ema Dashboard is an innovative dashboard that allows you to monitor Moving Average on multiples symbols and different timeframes. This dashboard allows you to analyze information on 28 pairs on an unique chart. Its functionality includes analysis of All Time Frames. This configuration allows you to identify the Long Term Trend with extreme ease. This panel allows you to take very important directional movements. A click on button opens a new chart (symbol and timeframe). Graphic Object Symbol
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Blahtech Supply Demand
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Blahtech Limited
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Bermaui Deviation Percent
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Or ( BD% ) which is a volatility index that measures volatility in percent rather than points. The idea of BD% is to make an index depending on the Classic Standard Deviation (CSD) that moves between 0 and 100 percent. You can use BD% to compare volatility for the same security in different time periods or different time-frames. In addition, you can use BD% to compare volatility between different securities in different markets in terms of percent rather than points. The idea behind th
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This technical indicator is one of the variations of the Momentum technical indicator. Its formula is simple and intuitive. The excess of the current prices over the past indicates an uptrend, and if the current prices are lower than the past ones over a specified time interval, then there is a downtrend. The presented technical indicator uses a smoothed Momentum indicator in order to decrease its volatility. For this purpose it uses a moving average, that is additionally smoothed by an adaptive
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The indicator accurately identifies a short-term trend both on trend and flat markets. Calculations are based on the system of Moving Averages. The indicator is highly sensitive. Use it together with other technical analysis indicators. Settings period - amount of bars for the indicator calculation (1 or higher); method - smoothing method for the indicator calculation (0-3).
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The indicator shows RSX oscillator signals on a price chart. The efficient algorithm provides a high degree of reliability of such signals. The indicator displays signals of various types selected in the settings. The price smoothed by the standard set of Moving Averages can be used for calculating the oscillator. Settings Lengh - RSX oscillator smoothing period; CountBars - amount of bars, at which indicator signals are displayed; Price - price for the indicator calculation; MA_period - price
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Andriy Matviyevs'kyy
This indicator follows the price movements with high accuracy, allowing not only to open a position, but also to maintain the opened position to minimize the potential losses. This indicator does not repaint or not recalculate. Signal of the indicator first red dot appearing above the price graph - possible start of a downtrend; first green dot appearing below the price graph - possible start of an uptrend; Principles of using the indicator Option 1 Buy when the price value exceeds the High (w
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fxpat 2021.05.27 11:29 
 

good indicator for experienced traders....!

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Version 4.0 2016.06.21
Revised the code.
Added auto correction of invalid settings.
Version 2.0 2016.05.04
The description added to the indicator code.
Version 1.4 2015.07.21
Fixed display of a limited amount of candles.
Fixed checking the indicator calculation data sufficiency.
Version 1.3 2015.06.01
In the updated indicator version, the candlesticks, on which the indicator signal on a longer period conflicts with the signal on the shorter period, are painted in a gray color. The indicator values equal to zero are also colored in gray.