The indicator FTOR 4 is a quick tick oscillator. It shows tendencies of the price movement on a short period of time. It uses tick data for calculations. It can have values from -100 to +100.
The indicator has three input parameters:
- Period - time range in seconds for analyzing the price;
- Smoothing - the smoothing parameter of the indicator (a positive value);
- Ticks To Draw - number of previous values of the indicator displayed on a chart. If the parameter is equal to zero, the indicator will use the number of visible bars on the chart.