Introduced by M.H.Pee, Trend Trigger Factor is designed to keep the trader trading with the trend.
System rules according to the developer:
* If the 15-day TTF is above 100 (indicating an uptrend), you will want to be in long positions.
* If the 15-day TTF is below -100, you will want to be short.
* If it is between -100 and 100, you should remain with the current position.
More info:
Original Article by Mr.Pee: drive.google.co...ERlOU9FelU/edit?usp=sharin...
System rules according to the developer:
* If the 15-day TTF is above 100 (indicating an uptrend), you will want to be in long positions.
* If the 15-day TTF is below -100, you will want to be short.
* If it is between -100 and 100, you should remain with the current position.
More info:
Original Article by Mr.Pee: drive.google.co...ERlOU9FelU/edit?usp=sharin...
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
// // @author LazyBear // study("Trend Trigger Factor [LazyBear]", shorttitle="TTF_LB") length=input(15) bt = input( 100, title="Buy Trigger") st = input( -100, title="Sell Trigger") markCrossovers=input(false, type=bool) prev(s,i) => y=abs(round(i)) s[y] calc_ttf( periods ) => bp = highest( high, periods ) - prev( lowest( low, periods ), - periods ) sp = prev( highest( high, periods ), - periods ) - lowest( low, periods ) 100 * (bp - sp) / ( 0.5*( bp + sp) ) ttf = calc_ttf( length ) plot(0, color=gray) btl=plot(bt, color=gray, style=3) stl=plot(st, color=gray, style=3) long_f = cross( ttf, st ) and rising(ttf, 1) short_f = cross(ttf, bt ) and falling(ttf, 1) bs = (ttf > bt) ? bt : ttf us = (ttf < st) ? st : ttf bl=plot(bs, color=white) ul=plot(us, color=white) tl=plot(ttf, title="TTF", color=markCrossovers ? (long_f ? green : short_f ? red : blue) : maroon, linewidth=2) fill(bl, tl, color=green, transp=75) fill(ul, tl, color=red, transp=75)