Индикатор All Ttf Форекс

Designed by M.H. Pee, the Trend Trigger Factors role is to help traders detect uptrends and downtrends and thus allow them to better position themselves in a with-trend manner. Its creator argues that the markets are mostly random but have a small trend component, which is the most crucial part of trading success. Being able to determine whether the market is in a bull or bear trend and how strong that trend is will allow you to be on the right side of the market for longer, capitalizing as much as possible on its trending behavior.

In his article, M.H. Pee used a period trackback span to explain the calculations. The TTF formula is based on the so-called Buy Power and Sell Power. In his example, Pee labeled today as day 1, yesterday as day 2, the preceding day as day 3 and so on. Thus, the formulae are as follows:

&#; day Buy Power = (Highest high of day 1 through day 15) – (Lowest low of day 16 through day 30)

&#; day Sell Power = (Highest high of day 16 through day 30) – (Lowest low of day 1 through day 15)

Having estimated the two variables, we then move on to the TTF calculation itself:

&#; day Trend Trigger Factor = [(Buy Power – Sell Power) / ( x (Buy Power + Sell Power))] x

Thus, the denominator of the TTF is actually the average range of the two day periods (day 1 through day 15 and day 16 through day 30).

The Trend Trigger Factor is similar in interpretation to the Relative Strength Index. It is plotted on a scale with most prominent levels at + and , crosses of which logically signal possible trade entries. The indicator allows the trader to be in the market during most of the time. The following screenshot shows how the TTF is visualized in a trading software.

Chart source: VT Trader

A conventional trading strategy, suggested by the TTFs creator itself, is to always be on the long side when the indicator has a value of above + (which indicates a bull trend is in motion). In case you were short and the TTF jumped above +, you should reverse your positioning. If the indicators value is below , reflecting a bear trend, you should focus on entering only short. In case you have opened a position and the TTF holds between + and , you should keep your current position.

In addition, when the TTF performs a reversal move you should again shift your positioning. Thus, this addition to the strategy makes it an always-in-the-market system.

For example, say you were long, but then the indicator dropped to below , implying you should reverse to short positioning. As soon as the TTF reverses back and rises above that level, you should go long. Conversely, a short entry signal will be produced when the indicator is above + but reverses below that level.

The Trading Sessions indicator (eunic-brussels.eugSessions) shows the most significant trading sessions for the Forex market, such as London, New York, Tokyo, and Sydney.

The sessions are presented as colored boxes on the chart, thereby clearly indicating open and close times of a particular session, as well as its trading range.

What trading sessions does the indicator show?

This session indicator shows the time of four main Forex sessions. The operating hours of trading sessions are shown in the following table:

Each trading session lasts 9 hours. Based on this schedule, there are trading hours when sessions of some stock exchanges overlap:

• Tokyo and London: 1 hour.
• London and New York: 4 hours.
• Sydney and Tokyo: 7 hours.

Features of the Trading Sessions Indicator

eunic-brussels.eugSessions is a simple and, at the same time, quite functional Forex sessions indicator, developed for the MT4 or MT5 terminal. It is available to download for free.

Compared to other popular indicators such as i-Sessions, for example, our Forex market sessions indicator has a number of advantages:

1. On top of the past and current trading sessions, this auto session indicator for MT4 and MT5 also shows time of the future sessions;
2. Automatic time zone detection;
3. A simplified display mode for higher timeframes is implemented;
4. The color scheme is set to maintain the balance between visibility and frequency of use. In other words, this Forex sessions indicator won’t complicate your work with the chart, unlike any other similar indicators using vibrant color schemes.

How is this Forex market session indicator used?

Traders normally use trading sessions to determine the volatile hours throughout the day, since the trading activities vary from one stock exchange to another.

London and New York market trading sessions are considered to be the most volatile, especially during the 4-hour overlap.

There are also strategies aiming only at the opening of the London session or those that allow trading only during the Asian session.

The calmest or, one might even say, “flat” session is the Sydney (Pacific) one.

Notably, strengthening of a trend or its change often coincides with the open time of a particular trading session.

To sum it up, we can say that the market session indicator alone doesn’t generate any trading signals. However, like other informational indicators, the Trading Sessions indicator is an indispensable assistant in the arsenal of every trader.

Simplified display mode for H1 timeframes and higher

After installing the indicator, at first it may seem that it doesn’t work properly on H1 timeframes and higher, which is confirmed by numerous user requests.

However, if you try to get to the bottom of the question, you’ll see that it doesn’t make sense to plot sessions on the chart starting from the H1 timeframe. The session lasts 9 hours, which corresponds to 9 bars on the chart and is not a convenient size for the market analysis. Let’s consider an example:

The rectangles of the sessions are too small, and their readings cannot be analyzed.

Therefore, we decided to use a simplified session display mode for H1 timeframes and higher. The indicator displays only the vertical line of the upcoming session, as well as the time left before it opens.

The logic behind it is something like this: all the trend changes occur at the time of opening or closing of a session. So, the Session Indicator displays only this information in the simplified mode on H1 and higher timeframes, as it is the most significant one.

Settings

Session Options On/Off &#; allows you to select the sessions that will and will not be displayed on the chart. By default, Tokyo, London, and New York sessions are enabled, while the Sydney session is not.

Short Name Length &#; sets the length of the abbreviated session name displayed next to the rectangular frame.

Server Time Offset allows selecting the Time zone. By default, it‘s detected automatically. The given parameter affects the positioning of sessions on the chart. Although the time zone is detected automatically, you should make sure whether the sessions are correctly located. If not, set the required time zone manually in the indicator settings.

Fill Sessions Background. Enables/disables the background fill for boxes indicating trading sessions.

Past Sessions to Show is the number of past sessions to be displayed on the chart. This number includes already closed and still open sessions, but not the future ones.

Future Sessions to Show determines the number of future sessions to be displayed on the chart. The last ones are presented as vertical lines.

Show Till Timeframe. Sets the timeframe up to which all including sessions will be displayed.

Color Scheme. By default, the indicator automatically detects the color scheme depending on the chart background. If necessary, select the desired color scheme from the list.

TFF Bars:  The number of bars is what determines the look back period in the calculations.  The lower the number, the more false signals.  The default setting is 8.

BottomLine:  The most extreme distance of the red signal line from the zero line.  Since we’re not using the signal line with filter line, you can leave these on their default values of “75” and “”.

t3_period:  This is a smoothing filter which smooths out the signal.  The original version in did not have this, so it makes for an additional setting to help tweak for better results.  The default value is 3.

b: This setting adjusts the reactivity, or sensitivity, of the signal line.  The higher the number, the more sensitive the indicator is to price change.  The default setting is

Advantages

Zoomies!

Let’s take a quick look at one long and one short signal and trade entry.  We’ll compress the chart and indicator to provide us with a clear understanding.

We’re Short!

Why We Remove Components

This is not the first indicator where we’ve removed, ignored, or changed specific components.  Is this a bad thing?  Are we breaking any rules?  Nope.  The beauty of indicators is they can be used in different ways.  For example, let’s briefly review the standard stochastic oscillator.  It’s been around since the s and has been used as;

1. Overbought/oversold &#; attempting to call reversals based on trader (or market) sentiment.

2. Two line cross &#; traders use the indicator line and signal line to provide long/short signals based on which line crosses over which.

3. Divergence &#; as discussed in the prior blog, divergence is suggested when the highs/lows of an indicator are opposite of price.  This attempts to foretell reversals in price may be on the horizon.

4. Zero-line cross &#; when one or both of the lines crossed above and below zero.

In the DiNapoli Stochastic blog, we did just that &#; used the indicator a little differently than it was originally intended.

Testing…Testing…Testing

Remember, comprehensive analysis is strongly suggested, and we advocate backwards and forward testing indicators or systems prior to trading actual funds. We propose conducting your tests on the following five pairs.

EUR/USD

AUD/NZD

EUR/GBP

AUD/CAD

CHF/JPY

If it doesn’t work on these five pairs, chances are it won’t work on other pairs. This is not an absolute, but we’ve found this rule is reliable in most cases.

Timeframes and Results

In our initial test, we’ll run the Trend Trigger Factor indicator on the EUR/USD, the BTC/USD and XAU/USD using the default settings across the daily and 4-hour timeframes on the MT4 strategy tester. We use the fast method of testing the indicator to get a general idea; however, you may also run the tick-by-tick data set for a more precise result (which takes considerably more time).

As No Nonsense Traders – and therefore Swing Traders, we will not examine shorter time frames in these studies.  We will also run an additional test, using different values for the settings, to analyze which one may work better and examine the following results:

Total trades

Win/Loss ratio

ROI (return on investment)

There are other metrics included in the strategy tester report, which can be compared, but these three metrics provide the necessary gauge to make quick decisions as to the usefulness of a particular indicator and its settings.

Next, for comparison, we’ll explore the following;

Daily – 1 year

4-hour – 3 months

The reason exceptionally long (or short) testing periods are not included is due to changing market conditions, which might return irrelevant information. A balance of statistically significant data is necessary for accurate results.

And the Outcome…

Below are the spreadsheets listing the results from our tests.

***Note: Remember, never use just this one indicator as your decision of whether to open or close a trade. It should be part of a system.

Money Management

Resources

And, now you are aware of another indicator that many traders don’t know or use.

Our only goal is to make you a better trader.

BTW &#; Any information communicated by Stonehill Forex Limited is solely for educational purposes. The information contained within the courses and on the website neither constitutes investment advice nor a general recommendation on investments. It is not intended to be and should not be interpreted as investment advice or a general recommendation on investment. Any person who places trades, orders or makes other types of trades and investments etc. is responsible for their own investment decisions and does so at their own risk. It is recommended that any person taking investment decisions consults with an independent financial advisor. Stonehill Forex Limited training courses and blogs are for educational purposes only, not a financial advisory service, and does not give financial advice or make general recommendations on investment.

The Trend Trigger Factor Indicator is a technical analysis tool used to identify trends in stock indices and commodities markets.

It is similar to the Relative Strength Index and uses the concept of Buy and Sell Power to calculate the direction of the trend.

Trend Trigger Factor (TTF) Indicator Overview

The Trend Trigger Factor (TTF) Indicator is based on the concept of Buy and Sell Power, and is designed to assist traders in detecting uptrends and downtrends and positioning themselves with the trend.

The TTF formula is based on a period trackback span, with today being considered day 1 and the preceding days numbered accordingly.

The TTF Indicator is similar to the Relative Strength Index (RSI) and is plotted on a scale with values ranging from + to , with crosses indicating potential trading entries.

Trend Trigger Factor (TTF) Indicator Explanation

The Trend Trigger Factor (TTF) Indicator is a technical analysis tool that is similar to the Relative Strength Index (RSI) and uses a trackback span of a specified number of periods to calculate the direction of the trend using either the bull’s power or bears power indicator.

The TTF Indicator is plotted on a scale with the most noticeable values at + and and is interpreted in a similar way to the RSI.

The TTF Indicator’s author recommends a traditional trading method, which is to always be on the long side when the indicator is above + (indicating a bull trend) and enter a short position when the indicator is below (indicating a bear trend).

Trend Trigger Factor (TTF) Indicator: Buy Conditions

• The TTF line crosses up above the level.
• The TTF line is above the center line (zero line), indicating a bullish trend.

Also Read: Free Download RoboFx Forex Trading System

Trend Trigger Factor (TTF) Indicator: Sell Conditions

• When the TTF line is below the + level, it crosses.
• The TTF line is below the zero line, indicating a downward trend.