Intriguing yet confusing - A Peek into Modified TTM Squeeze Indicator
There's a lot of buzz going around the Modified TTM Squeeze Indicator, and I can't help but feel a tad bit curious about this enigma. It's been marketed in all sorts of ways and yet, we're here, trying to figure out the nitty-gritty of its operation. Welcome, dear trading enthusiasts and skeptical eyes, to our comprehensive yet simple guide on using the Modified TTM Squeeze Indicator. Shall we begin?
Installation & Setup: Less Rocket Science, More Clicks
Well, the first step is to install the thing, and I'm aware that some of you are struggling. As mentioned by our friend rassin85, the indicator doesn't appear even after multiple system restarts. Do not fret - here's what you need to do.
First, open your MT4, go to the File menu, and click on Open Data Folder. Then, open the MQL5 folder. This is where all the magic begins. Please place the Modified TTM Squeeze Indicator file into the Indicators folder. Now restart your MT4. Voila - you should be able to see the indicator under the Custom Indicators section. As much as we'd love to personally email the file to everyone, this procedure is probably much faster.
Experience: A Rollercoaster of Emotions and Market Prices
According to our pal, Shamsul Arefin, setting up the colors and thickness seems to be a Herculean task. Well, it's not, really. Once you've placed the indicator on your chart, click on the Edit button, and you'll find your styling options. It's just like painting - but with numbers.
We hear a lot about the indicator's lagging nature (Ronald de Groot doesn't seem too happy about it). Fair enough. However, it's essential to remember that most indicators are like that - they're more about the past than the future. Using it in combination with other technical analysis tools might improve its effectiveness.
Improvement Tips: Sprinkling Innovation on the Time-Tested
The key to mastering this indicator is adjusting its settings according to your trading style and the currency pair you're dealing with. If you find the indicator too sensitive or too slow, feel free to play around with the length and multiplier inputs. And yes, there might be room for some algorithmic magic to improve its performance. But don't we all wish we had a trading crystal ball?
Source Code of Modified TTM Squeeze Indicator: A Myth or Reality?
Now, let's clear up some confusion. No, we don't have the original source code of the Modified TTM Squeeze Indicator. But we do have a code that does a pretty decent imitation. This is based on the description provided by MQL5. Any questions can be addressed at easytradingforum.com.
Remember, we're not selling this robot. We're just sharing some knowledge.
Code:
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In conclusion, the Modified TTM Squeeze Indicator could be an interesting addition to your trading toolbox. It might have its quirks and concerns, but what doesn't? To all the traders out there, keep exploring.
On that note, why not start exploring right away with a download of Modified TTM Squeeze Indicator? Remember, it's all about the journey, not the destination.
Note: The Modified TTM Squeeze Indicator's detailed statistics can be found out here at Forex Robot Easy. Let the trading begin, shall we?