MOONSURF

Trend & Time Reset Indicator (TTRI)

MOONSURF Updated   



TTRI (Trend & Time Reset Indicator) is an indicator based on the consecutive candles trend and time to identify the beginning and the end of the trend.
It is not meant to be a one-size-fits-all indicator for trading (Just Buy or Sell signal), it is an indicator for traders who have taken the time to fully understand its features such as trend reset, trend expansion and so on.

An important element of TTRI based on time is, for example, that as it gets closer to the Top/Bottom in a daily time frame, it becomes a single trend and continues to an extended trend. In a weekly time frame, it is an organic instance where TTRI trend begins and the duration of the trend increases over time. In addition, traders can use the proposed moment when the trend can be reset to strategically structure trading cycles.

TTRI indicatior is useful in all time frames and traders can select the time frame that provides the clearest TTRI (Top and Bottom) by considering the liquidity of the asset.
All education on the features of TTRI indicator will be provided through separate videos in my Telegram community space (see Instructions) and I hope to regularly research and provide discoveries for better trading with users.

As there is no single publicly available information resources that explains everything about the code of TTRI indicator, I will explain the functionality of TTRI indicator through the charts below.


TTRI indicator suggests the beginning and end of a trend using arrow signals displayed at the top of the candles. Green arrows indicate an upward trend and red arrows indicate a downward trend. These arrows are accumulated for past trend analysis. Yellow arrows are also displayed at the top of the previous candle to indicate that a trend reset is imminent, and this is also accumulated.


When the signal that proposes trend changes has a high level of reliability, the text 'P' will be displayed above the arrow.



If the trend is extended, it can be identified by consecutive numbers, and if the second trend is consecutively extended, it will be easily distinguished by displaying it as '2'. (If the trend extension continues, the reset signal will also be numbered in order 1,2,3.. accordingly) Obtained the next bottom signal from TTRI Top, the price has dropped by about 25% until then.
When yellow candlesticks with no shadows appear, it means that the probability of a trend reset signal appearing is high. It can be useful to trade according to the proposed trend change point.
As the number of candles increases, it indicates a stronger trend, and there is a tendency for the length and shape of later candles that reach TTRI signal condition to be affected by the length of the middle 5 candles.



To clearly identify the shape of closing candlesticks and the trend resistance/support levels, the candlestick numbers are arranged below the candles so that they do not interfere, and they are arranged in an area that does not overlap with the trend extension signal.



To reduce unnecessary noise signals, the candlestick numbers and reset signals for 70 candlesticks are displayed, and the signals in the area you want to confirm can be obtained clearly by not displaying the numbers for all candlesticks. (When you move to the area you want to confirm, you can check the numbers and signals for the 70 candlesticks in that area.)



There are two types related to trend extension, one is signal A which is more sensitively responding and the other is signal C which is displayed based on conditions after the trend extension is sufficiently progressed. The number of candles in the series of an extended trend can be hidden and only the trend switching signals A, C (Buy & Sell) can be selected to display.
The chart below is a daily Uber chart. After the breakout of TTRI resistance trend level, an extension is in progress and an extension A is printed with a warning, alerting for a topping.


Risk line is formed from the trend extension candles, TTRI Bottom/Top which is followed by the extended trend has a set of rules that are correlated with trend support/resistance level, detailed explanation of this will be provided in a separate video for those who have purchased access.



In the mode that only trend reset signals (Top/Bottom) are displayed, the table function below is useful. Users can directly check the status of TTRI progress in the upper time frame in the current frame.
The default time frame of the table is month, week, 3day, day, and the table position and hiding feature are user-selectable.
The diamond at the top of the candlestick, which is formed by the combination of the shape of the price-based candlestick (such as dragonfly doji types) and time-based TTRI indicator, suggests that the trend can be strongly progressed in one direction. Weakness is indicated in red, strength is indicated in green.



*Disclaimer : TTRI signals do not guarantee absolute profits through buy/sell calls. Traders must evaluate TTRI signal for a series of trends that move organically and time-frame-by-frame

A signal expands into consecutive trends and becomes a single trend on higher time frames, are you ready to enjoy the changes of the wave?

“A rising tide lifts all boats”

I express my gratitude to Tone Vays for sharing methods of actively thinking about establishing trading criteria and risk management (Completing Trader Advanced course on site in Hongkong) and sincerely thank Mr. Vngvar for providing the knowledge to build TTRI.



"With sincere gratitude to all, i wish for laughter and blessings to always be abundant for you and your family"

Release Notes:
The first update displays top/bottom signals in real-time and continuously shows the history of the proposed top/bottom signals. The second update has made the diamond signal, which indicates the beginning of a trend, more sophisticated and reliable as a trading criterion.
Release Notes:

Key Chart Updates for Introduction.
Release Notes:
I've added an alarm function below.
First, TTRI Ready Sell and Buy alarm.
Second, include exchange and ticker information in the notification message.
Release Notes:
This update pertains to tracking the trend of candles after the appearance of buy/sell signals indicating a trend reversal on the daily scale.
Based on extensive trend pattern data, different indicators are applied to candles in various situations to facilitate tracking of daily trends.

A total of four stars in green, red, orange, and black colors are displayed above the candles.

The green star suggests buying when price adjustment is completed during a downward trend following a sell signal. Alternatively, when a strong uptrend is anticipated to continue without price adjustments following a sell signal, the green asterisk suggests maintaining the position.

The red star indicates that after a buy signal, a price reversal has occurred, but it alerts to the possibility of resuming a downward trend. Additionally, when a continuous downtrend is anticipated without price rebounds after a buy signal, it will be displayed above the candles.

The orange star indicates a higher probability of buy and sell signals appearing on the daily scale for a short period, contrary to the biased overall trend.
When the orange asterisk is observed, it's important to monitor changes in the higher trend, either proceeding with sideways consolidation or awaiting the appearance of buy or sell signals.

The final black star is displayed above the candle's top when the estimated minimum target price following buy or sell signals is touched. As it suggests buying or selling based on specific price actions rather than trend following, it doesn't appear frequently.
Release Notes:
TTRI Version Title Update.
Release Notes:
Update to enable adjustment of candle numbers, Top/Bottom arrows, and stars positions.

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Author's instructions

Telegram ID : @PLANBIT_TTRI Telegram Community : t.me/+ycRF1AQ7hIYyNWRl You Tube : Youtube.com/@-planbit2797 Website : traderplanbit.com

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