Kareem115 wrote: Sun Oct 10, 2021 5:48 am
Where can I find instructions on how to use this indicator?
From Tradingpedia ::::
A conventional trading strategy, suggested by the TTFs creator itself MH Pee, is to always be on the long side when the indicator has a value of above +100 (which indicates a bull trend is in motion). In case you were short and the TTF jumped above +100, you should reverse your positioning. If the indicators value is below -100, reflecting a bear trend, you should focus on entering only short. In case you have opened a position and the TTF holds between +100 and -100, you should keep your current position.
In addition, when the TTF performs a reversal move you should again shift your positioning. Thus, this addition to the strategy makes it an always-in-the-market system.
For example, say you were long, but then the indicator dropped to below -100, implying you should reverse to short positioning. As soon as the TTF reverses back and rises above that level, you should go long. Conversely, a short entry signal will be produced when the indicator is above +100 but reverses below that level.