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TTF Osc 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.

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 is displayed on all candles of the chart)

If set by default, the indicator generates following signals:

  • The histogram is colored in Lime - 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.
  • The histogram is colored in Green - the indicator confirms consistent growth of highs and lows of the price. At the same time, the indicator shows weakness of such growth. If you have an open Buy position, it makes sense to place Stop Loss pending order on low of the first candle having such color.
  • The histogram is colored in Red - 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.
  • The histogram is colored in Brown - the indicator confirms consistent fall of highs and lows of the price. At the same time, the indicator shows weakness of such fall. If you have an open Sell position, it makes sense to place Stop Loss pending order on high of the first candle having such color.

The indicator does not redraw.

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FX Trend
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Daniel Stein
You want to become a constantly profitable 5-star forex trader?  1.  Read the basic description of our simple trading  system  &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat FX Trend   displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long they last and how powe
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Best Currency Strength Indicator
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Tumelo Rakotsoane
Advanced Currency Strength Indicator The Advanced Divergence Currency Strength Indicator. Not only it breaks down all 28 forex currency pairs and calculates the strength of individual currencies across all timeframes , but, You'll be analyzing the WHOLE forex market in 1 window (In just 1 minute) . This indicator is very powerful because it reveals the true movements of the market.  It is highly recommended to  analyze charts knowing the performance of individual currencies or the countries ec
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This indicator shows the relative strength of 8 major currencies: USD, EUR, GBP, AUD, NZD, CAD, CHF and JPY. The strength value is normalized to the range 0-100: The value above 60 means strong. The value below 40 means weak.  This indicator needs the data of all 28 paris and 9 timeframes. Use the EA Downloadhistory28&9 to download data automatically. --> https://www.mql5.com/en/blogs/post/728216 Reference for calling it in EA :  https://www.mql5.com/en/blogs/post/730961 Inputs  (full scre
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Version 5.0 2016.08.10
Optimized code, added auto correction of invalid parameters, optimized drawing.
Version 1.5 2015.07.21
Fixed display of a limited amount of candles.
Fixed checking the indicator calculation data sufficiency.