TTF 2x Osc AM 外汇EA

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.