Trend continuation factor indicator - a correct version by M.H.Pee

via forex-tsd.com

This is Trend Trigger Factor indicator which is a correct version as described in the December 2004 article "Trend Trigger Factor" by M.H.Pee :

"15-day buy power = Highest high of (day 1 to day 15 inclusive) – Lowest low of (day 16 to day 30 inclusive)
15-day sell power = Highest high of (day 16 to day 30) – Lowest low of (day 1 to day 15)
After calculating these variables, you can move on to calculating the TTF:
15-day TTF = ((Buy power – sell power)/(0.5*(Buypower + sell power))) * 100".

Download from here.

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