Elders's Market Thermometer MTF TT Volatility Trading Indicator

Elders's Market Thermometer MTF TT trading indicator, developed by renowned financier Alexander Elder and finalized by popular indicator author Tankk, is an innovative tool known as a "market thermometer", which helps to assess the state of the market and predict its movement.

This indicator measures the volatility of each candle (the difference between High and Low), then performs additional calculations and displays the results on the chart. It provides two volatility lines: solid and dashed. The former is calculated by averaging the values of the underlying histogram over a certain period "EMALength", while the latter is determined by multiplying this value by the coefficient "EMAKoef2".

Окно Торговый индикатор волатильности Elders’s Market Thermometer MTF TT

Elders' Market Thermometer MTF TT is useful for assessing the current state of the market, helping to identify key points near which price will behave predictably. A yellow color on the indicator often indicates the beginning of an intense price movement, like the release of a spring after a period of calm. This indicator helps both to get out of the previous trend in time, and to prepare for a new movement in the market.

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Quotex Reviews

May 14, 2024

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May 6th, 2024

I have been cooperating with the broker for 2 years

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Apr. 3, 2024

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Mar. 21, 2024

Best broker

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February 10, 2024

Quotex was good for me.

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Elders's Market Thermometer MTF TT Volatility Trading Indicator

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