The Volume HL MTF TT Trading Indicator is a practical implementation of an idea from a trader on the forexsystemru.com forum, created by Tankk, a well-known author of profitable indicators for our readers.
The Volume HL MTF TT indicator is based on the relationship between volume and the High/Low delta—number of ticks divided by the number of points in a candle from the High to the Low price.
The Volume HL MTF TT indicator includes:
- Centering readings around the zero level for better visualization;
- MTF mode, where the indicator does not repaint signals;
- Three levels of smoothing;
- Color coding for three candles.
The Volume HL MTF TT Trading Indicator can be a great tool for traders who trade based on volume. At least, traders on the “Forex Systems” forum describe it as nearly a Holy Grail.
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FAQ
What is the Volume HL MTF TT Trading Indicator?
The Volume HL MTF TT Trading Indicator is a tool that helps traders analyze volume data in relation to price movements, providing insights into market activity.
How does the Volume HL MTF TT work?
The indicator uses the relationship between volume and the High/Low delta, dividing the number of ticks by the number of points in a candle from the High to the Low price.
What are the benefits of using the Volume HL MTF TT?
The Volume HL MTF TT offers features like centering readings around the zero level, MTF mode, and color coding, making it easier for traders to interpret volume data and make informed decisions.
