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TTF 2x Osc 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.

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:

  • Both histograms are greater than zero - when the price breaks through the bar's high - buy.
  • Both histograms are below zero - when the price breaks through the low of the bar - sell.
  • Histograms are multidirectional - setting SL for open positions.

The indicator does not redraw.


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THE ONLY CURRENCY STRENGTH INDICATOR THAT IS BASED ON PRICE ACTION. DESIGNED FOR TREND, MOMENTUM & REVERSAL TRADERS This indicator  reads price action to confirm trend and strength . Advanced multi-currency and multi-time frame indicator that shows you simply by looking at one chart, every currency pair that is trending and the strongest and weakest currencies driving those trends. For full details on how to use this indicator, and also how to get a FREE chart tool, please see user manual HER
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Version 26.0 2023.09.15
Updated to version 26+.
Version 25.0 2023.08.11
Updated to version 25+.
Version 2.70 2023.07.04
Updated.
Version 2.60 2023.06.14
Fix bug.
Version 2.50 2023.06.04
New version.
Version 2.10 2023.05.08
Удалены неиспользуемые фрагменты кода.
Version 2.0 2023.05.04
Базовые параметры оптимизированы для торговли в краткосрочной перспективе.