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#1 Selling Amibroker Plugin featuring:
Trend Trigger Factor for Amibroker (AFL)
TTF provides an indication of trend direction by measuring the differences between the highest high and lowest low of the current and previous Periods; arriving at an oscillatory-type indicator whose value exceeds 100 when an uptrend is confirmed and -100 for a downtrend. Using TTF alone for entries and exits will subject a trading system to frequent whipsaws for non-trending markets.
M.H. Pee’s article “Trend Trigger Factor” in the December 2004 issue of Technical Analysis of Stocks and Commodities magazine (TASC) presents the Trend Trigger Factor (TTF) indicator. The TTF is a method of detecting uptrends and downtrends using buy power and sell power calculations derived over the previous n-periods.
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