The T8 Oscillator AA MTF TT Forex indicator is built in the form of an oscillator based on the T8 moving average and allows you to determine price corrections and reversals.
The T8 Oscillator AA MTF TT trading indicator is another option for using the T8 moving average, the main purpose of which is a faster reaction to price changes and a decrease in price noise, in the form of an oscillator.
The general principle of operation of the T8 Oscillator AA MTF TT indicator:
- when the market is highly volatile, the oscillator moves with the price;
- if the market falls flat, it “mirrors” the price.
At the same time, the T8 Oscillator AA MTF TT indicator allows you to accurately predict the likely correction or market reversal.
Due to the acceleration / deceleration of the market and the oscillator itself, better and clearer divergences are obtained, but it is important to remember a few points here:
- the distance between the divergence peaks must be at least 9-18 candles;
- both peaks forming a divergence should be visually readable enough. If not, then it is better to wait for the next peak;
- “Jumping” divergences are also important, when there are several smaller ones inside the global divergence.
Key settings of the T8 Oscillator AA MTF TT indicator:
- deceleration / acceleration of the oscillator is adjustable using the parameters T8Hot, T8Speed1 and T8Speed2;
- 5 levels have been added instead of the signal line, reflecting the current market balance;
- 2 groups of levels can be expanded using the parameters GapLevINS and GapLevOUT (visually by volatility or by ADR)
- the central level Zero has no settings other than hide / show ShowZero;
- arrows are of secondary importance, 6 WhichArrows calculations have been implemented;
- repainting only on the current candle, except for WhichArrows = arFractal:
The T8 Oscillator AA MTF TT trading indicator is configured for M5-M15 timeframes by default. It is also recommended to adjust the settings depending on the volatility of the currency pair used.
Features of T8 Oscillator AA MTF TT MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: M5-M15
- Currency pairs: only EURGBP, USDJPY, USDCHF, CHFJPY, USDCAD, CADJPY
In T8-Oscillator-AA-MTF-TT.zip file you will find:
- T8 Oscillator AA MTF TT.ex4
Download T8 Oscillator AA MTF TT MT4 indicator for free: