TTF Hist Indicator

TTF Hist Indicator

The TTF Hist indicator for MT4 is a momentum indicator that helps forex traders to identify short term momentum reversals. The histogram is based on TTF – Trend Trigger Factor and adds T3 indicator as a smoothing factor. As a result, the indicator provides forex traders with effective and profitable entry signals.

The indicator plots a histogram and is effective for new and advanced forex traders. Moreover, the indicator works well in all chart time frames both intraday and long term. Additionally, traders can use the indicator to formulate automated trading strategies.

TTF Hist Indicator For MT4 Trading Signals

The indicator plots the green histogram bars and a red dotted indicator line. The trading strategy is based on the crossover of the signal line and the zero line of histogram. Incidentally, traders can also trade using the crossover of the zero line and the histogram bars.

If the indicator line crosses above the zero line, it indicates a bullish momentum trading signal. So, traders should enter the market with a buy trade and place a stop below the previous swing low.

Additionally, the indicator does not provide a profit target, so traders should exit with a good risk reward ratio or at an opposite trading signal. Traders can follow a similar trading approach with a bearish signal upon a downward crossover of the indicator and signal line.
The indicator detects momentum to provide bullish and bearish trading signals. So, it is important to confirm these trading with price action for a profitable trade.

Conclusion
In summary, the TTF Hist indicator for MT4 is a very interesting tool to forex momentum traders. Moreover, it is as simple as trading a MACD histogram and is effective for new and advanced forex traders in technical analysis.