Passive Pip Hunter Trend Indicator
- Индикаторы
- Версия: 1.0
- Активации: 10
Full description
TPPH Trend Indicator marks bullish and bearish signals when the fast and slow EMAs cross and the last closed candle on the next higher timeframe confirms the direction. The higher timeframe is selected automatically from the chart timeframe, from M1/M5 through daily/weekly charts.
An optional RSI filter can further restrict signals. The indicator can display potential entry, stop-loss, and target levels using an ATR-based stop distance and a selectable reward-to-risk ratio. These levels are visual estimates based on the signal candle and configured settings; they are not trade instructions and the indicator does not place orders.
Because signals require both a local crossover and higher-timeframe confirmation, signal frequency may vary by symbol, timeframe, and available history. The higher-timeframe candle used for confirmation is closed to avoid relying on an unfinished candle.
Key features
- EMA crossover signals
- Confirmation from the automatically selected next higher timeframe
- Optional RSI filter
- Bullish and bearish chart arrows
- Optional potential entry, stop-loss, and target levels
- ATR-based stop distance
- Preset or custom reward-to-risk ratio
- Optional alerts and chart title
