TTMS Metatrader 5 Forex Indicator
TTMS is short for Trade The Markets Squeeze Metatrader 5 indicator.
The main idea behind the TTMS MT5 indicator is to trade only when the Bollinger Bands are spotted within Keltner Bands and thereby form trade zones.
TTMS Metatrader 5 indicator appears as a histogram with signal tags along the center line.
When the signal labels get colored, it implies that a trading zone is found.
Positions should be entered according to the lead from directional indicators i.e. moving averages, the crossover of the Bollinger Bands or Moving Averages, etc.
There are seven adjustable input parameters:
BB period – defines the period for calculating the Bollinger Bands;
BB deviation – defines the Bollinger Bands deviation;
Keltner period – defines the period for calculating the Keltner Bands;
Keltner smooth period – defines the smoothing period for the Keltner Bands;
Keltner smooth method – defines the smoothing method for the Keltner Bands;
Keltner deviation – defines the deviation for the Keltner Bands;
Signal label size – defines the size for signal labels.
The blue signal labels within the TTMS Metatrader 5 custom indicator window implies that trade zones are looming.
MT5 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 5
Type: chart window indicator
Customization options: Variable (Dynamic balance point period, Dynamic balance point time frame), Colors, 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 TTMS.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL5 > Indicators (paste here)