TTM DDF Color with Value Chart Indicator
The TTM Directional Day Filter was developed to help keep you trading in the direction of the major trend for the day. The TTM Directional Day Filter is very easy to interpret and use - after an initial time period at the beginning of the day, usually 45-60 minutes, the indicator turns blue to indicate an uptrend for the rest of the day, red for a downtrend. If it stays yellow there is no dominant trend for that day. The indicator can be set up by you to define the trend on any market, at any time, on any time frame. The TTM Directional Day Filter used in combination with the TTM DDF Value Chart is a powerful trading tool. When the DDF and the Value Chart turn to blue you can be confident in taking buys at the -4 to -8 levels to create a long position in a defined uptrend. When the indicators are red then sell the 4 and 8 levels to get on board the defined downtrend. If the colors of the indicators remain unchanged after the defined time period then you can feel confident that a sideways, or non trending day is likely to follow. Both long and short positions can be taken on such days. This combination is a valuable addition to other trend defining TTM trading tools such as the TTM Squeeze, TTM Trend, and TTM Scalper. |