The XO ATR AA7 MTF TT trading indicator is based on the ‘XO’ or ‘crosses and zeros’ principle, where a box size in points is initially set, which the price must move through for the indicator to build a new histogram level.
The XO indicator will not give a signal in the direction that the price is not actually moving. There is no data array averaging in XO, meaning the Buy/Sell decision is made in one step.
The creator of the indicator is Tankk, a well-known trader on the forexsystemsru.com forum, who has developed profitable indicators for trading.
The XO ATR AA7 MTF TT indicator includes a wide range of parameters, including an MTF mode and a notification system.
If BlockPip>0, the block size in points for XO calculation (static block, for any market segment), otherwise, the XO calculation is done using ATR (dynamic block, depending on volatility over ATRPeriod).
The indicator only draws in MTF mode if RePaintMTF=true.
Arrows are drawn on the current candle if ARROWBAR=0. Signals are not tied to arrows: SIGNALBAR works independently of ARROWBAR. ARROWBAR and SIGNALBAR are adjusted for MTF.
The accuracy of the XO ATR AA7 MTF TT arrow trading indicator depends on the selected settings.
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FAQ
What is the XO ATR AA7 MTF TT indicator?
The XO ATR AA7 MTF TT indicator is a trading tool based on the ‘XO’ principle, used to identify potential trade signals in the market.
How does the XO ATR AA7 MTF TT work?
The indicator uses a box size in points, which the price must move through to generate a new histogram level, helping traders make informed decisions.
What are the key features of the XO ATR AA7 MTF TT?
The indicator includes MTF mode, a notification system, and customizable parameters, making it a versatile tool for traders.
