The TTM Trend Metatrader 4 forex indicator is a technical buy/sell signal indicator that uses values of Heiken Ashi Open and its corresponding Close for a selected period.
TTM is short for Trade The Markets, and while the indicator offers an easier way to look at candlesticks, it can also be tweaked to suit your trading style.
The TTM Trend indicator offers a visual technique that removes the irregularities that are present within a normal candlestick chart, while delivering a better picture of trends and consolidation.
When the color of the TTM Trend indicator is blue and/or red, it is signaling bullish and/or bearish market sentiments in that order.
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Indicator Chart (EUR/USD H1)
The EUR/USD H1 chart below displays the TTM Trend Metatrader 4 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the TTM Trend Metatrader 4 forex indicator displays blue bar-like shaped bodies on the activity chart.
Sell Signal: Go short when the TTM Trend Metatrader 4 forex indicator displays red bar-like shaped bodies on the price chart.
Exit buy trade: Close all buy orders while a bullish trend is ongoing, a red bar-like shaped body of the TTM Trend indicator pops up.
Exit sell trade: Close all sell orders while a bearish trend is running, a blue bar-like shaped body of the TTM Trend indicator gets displayed.
Tips: The TTM Trend indicator certainly offers an easier way to look at charts, while also offering an opportunity to spot various opportunities that are invisible to the naked eye.
MT4 Scalping Strategy: TTM Trend Indicator + Gann Trend Oscillator
This scalping strategy combines the TTM Trend MT4 Indicator with the Gann Trend Oscillator MTF.
The TTM Trend gives clear buy and sell candlestick signals: blue for buy, red for sell.
The Gann Trend Oscillator uses a histogram (blue for bullish trend, violet for bearish trend).
Together, they form a fast and robust scalping system with both entry confirmation and trend direction.
This strategy is best used on low-to-medium timeframes, such as M1 and M5.
It is ideal for traders who prefer short, frequent trades and want to limit their exposure to market noise by using a trend filter.
By combining the signal-based TTM Trend with the trend-confirming Gann Oscillator, you can catch high-probability moves with a disciplined, structured approach.
Buy Entry Rules
- The Gann Trend Oscillator histogram must be blue (indicating a bullish trend).
- A blue candlestick from the TTM Trend indicator appears.
- The candle that produces the blue TTM candlestick should close while the Gann histogram remains blue.
- Place stop loss below the low of the signal candle or a recent swing low.
- Take profit: aim for 8–15 pips on M1 or 15–25 pips on M5, or scale out partially once momentum slows.
Sell Entry Rules
- The Gann Trend Oscillator histogram must be violet (indicating a bearish trend).
- A red candlestick from the TTM Trend indicator appears.
- The candle that produces the red TTM candlestick should close while the Gann histogram remains violet.
- Place a stop loss above the high of the signal candle or a recent swing high.
- Take profit: aim for 8–15 pips on M1 or 15–25 pips on M5, or scale out when the move begins to stall.
Advantages
- Clear entry signals from TTM Trend reduce decision fatigue.
- The Gann Oscillator filters out trades against the underlying trend.
- Well-suited to fast execution on short-term charts.
- It can easily be backtested and forward-tested due to simple rules.
- Helps avoid overtrading by requiring trend confirmation first.
Drawbacks
- In ranging markets, signals may whipsaw and cause losses.
- The histogram may lag slightly, causing signal delay.
- Requires fast execution; spread widening, or slippage may hurt performance.
- No strong trend direction can lead to flat trades with weak reward.
Case Study 1 – EUR/JPY on M1
During the Tokyo session, EUR/JPY on the M1 chart showed a developing uptrend.
The Gann Trend Oscillator histogram turned blue, confirming bullish momentum.
Soon after, a blue candlestick appeared from the TTM Trend indicator.
The candle closed while the histogram was still blue, and the price had a clean structure.
Entering a long position, the trade ran quickly for approximately 10 pips before reaching a minor resistance level.
A partial take profit was taken, locking in gains, and the remainder was trailed.
This followed the trend and capitalised on a sharp, short-term move.
Case Study 2 – GBP/CHF on M5
In a slower-moving London–New York overlap, GBP/CHF on M5 showed a clear downtrend.
The Gann histogram turned violet, signaling a bearish trend.
A red TTM Trend candlestick closed under that condition, confirming the timing.
A short position was entered, with a stop loss above the recent high.
Over the next several candles, the price moved down steadily, yielding about 22 pips before consolidating near a support zone.
Strategy Tips
- Always check that the histogram from the Gann Trend Oscillator matches the direction of the TTM signal.
- Use M1 for aggressive scalping and M5 when you want more room for the price to develop.
- Avoid trading around major economic news where momentum can reverse abruptly.
- Use a broker with tight spreads and good execution, because this strategy benefits from clean entries and fast exits.
- Practice disciplined risk management: don’t risk more than a small percentage of your account on each scalp.
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Download the “ttm-trend.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customisation options: Variable (CompBars), width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: trend
