The TTM Trend Metatrader 4 forex indicator is a technical buy/sell signal indicator that uses values of Heiken Ashi Open and its corresponding Close for a selected period.
TTM is short for Trade The Markets and while the indicator offers an easier way to look at candlesticks, it can also be tweaked to suit your trading style.
The TTM Trend indicator offers a visual technique that removes the irregularities that is present within a normal candlestick chart, while delivering a better picture of trends and consolidation.
When the color of the TTM Trend indicator is blue and/or red, it is signaling bullish and/or bearish market sentiments in that order.
The EUR/USD H1 chart below displays the TTM Trend Metatrader 4 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the TTM Trend Metatrader 4 forex indicator displays blue bar-like shaped bodies on the activity chart.
Sell Signal: Go short when the TTM Trend Metatrader 4 forex indicator displays red bar-like shaped bodies on the price chart.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, a red bar-like shaped body of the TTM Trend indicator pops up.
Exit sell trade: Close all sell orders if while a bearish trend is running, a blue bar-like shaped body of the TTM Trend indicator gets displayed.
Tips: The TTM Trend indicator certainly offers an easier way to look at charts, while also offering an opportunity to spot various opportunities that are invisible to the naked eye.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (CompBars), width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the ttm-trend.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)