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TTF Candles 2 AM

This indicator is based on the idea of a popular Trend Trigger Factor indicator (TTF).

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:

  • Long_TTF_Bars - number of candles to calculate the price movement direction for a longer period of time (cannot be less than 2)
  • Short_TTF_Bars - number of candles to calculate the price movement direction for a shorter period of time (cannot be less than 2)

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.


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Version 26.0 2023.09.15
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Fix bug.
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