The one who chose the minute chart for his trade, TTTL indicator can be very useful. It will be suitable for traders of any level, as it does not require deep knowledge and much experience. Signals are very easy to read. First of all, we set the indicator in our MT4. I hope that won’t be a problem for you. I’ve described the procedure many times in my articles. After that, let’s move on to the settings. You may choose to keep the default settings. But you have to know about them anyway.

Indicator parameters

It’s only four:No – here we specify the number of candlesticks that will be
used by the indicator for calculations.L1 and L2 are the values of the lower and upper levels of the indicator.Pri – a parameter that allows you to choose the type of price, which also
will be used in the calculations.If you want, you can try different parameters and try to improve the work of the indicator.

TTL indicator signals

To start talking about this, let’s see what it looks like on the price chart first:TTTL indicator signalsI can offer you two variants of market entry signals, which are formed by the TTL indicator. They’re both quite effective.The first option is to track color changes
of the indicator bars. Green indicates a rise in price, and red indicates a rise in price
a decline. In accordance with this and make trade decisions. If, afterwards.
the red columns have a green bar, so we’re buying. If, after the green ones.
the columns are red, we sell.The second variant uses zones indicating
overbought and oversold. I mean, if the columns are above level 70,
and then began to decline, which means we can consider sales. If… if…
but the bars were below 30 and started to rise, which is a signal
to buy.In any trading system it is recommended to have two indicators.
The task of one of them is to give signals to enter the market. And the second task of the second…
The indicator is to filter these signals. That’s why I’m recommending you, too.
Choose a filter for the TTL indicator, which we are considering today, and
to test a demo account trading strategy.In the archive that I will link to below, there are two files. In addition to the basic version of the indicator, it is possible to set its modification. It differs only in the fact that when a signal is emitted, an audible alert is given. It’s convenient.TTTLDownloadFyodorov’s Inga18.10.2019