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)