The TTM Signals Oscillator indicator for Metatrader 4 provides oscillator crossover signals in a separate window.
TTM fluctuates between 0 and 100 readings. The indicator draws two lines (blue and magenta) that can be used as a complete crossover trading signals system.
For best trading practices, it is vital to keep an eye on the 0 and 100 levels.
Levels around 0 indicate oversold market conditions while levels around 100 indicate overbought market conditions.
The TTM Signals Oscillator can be used as a standalone trading indicator or used together with trend following indicators.
The default indicator periods can be changed directly from the indicator’s inputs tab. Tweak its settings to fully fit your needs.
This forex indicator works for any trade style, currency pair and timeframe.
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Indicator Chart (EUR/USD H1)
The EUR/USD H1 chart below displays the TTM Signals Oscillator forex indicator in action.
Basic Trading Signals
Signals from the TTM Signals Oscillator MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open long trade when the TTM indicator falls back to around the 0 level and then the blue line crosses back above the magenta line (bullish price action).
Sell Signal: Open sell trade when the TTM indicator rises back to around the 100 level and then the magenta line crosses back above the blue line (bearish price action).
Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.
TTM Signals Oscillator and HAMA Jurik Candles MT4 Trend Strategy
This MT4 forex strategy combines momentum-based timing from the TTM Signals Oscillator indicator with clear trend visualization from the HAMA Jurik Candlestick indicator.
The strategy focuses on entering trades during pullbacks within established trends, allowing traders to participate at favorable prices rather than chasing extended moves.
The TTM Signals Oscillator identifies momentum shifts after temporary retracements.
Instead of entering at overextended levels, it waits for the price to cool off and then confirms renewed strength or weakness.
This makes it especially effective when combined with HAMA Jurik Candles, which visually define the dominant trend direction using smooth candlestick coloring.
This strategy works best on M15, M30, and H1 timeframes.
It is suitable for traders who prefer structured trend trading with clear confirmation rules.
It performs well on major and minor currency pairs where price action respects momentum cycles.
Buy Entry Rules
- The HAMA Jurik Candlestick indicator must display blue/white candlesticks, confirming a bullish trend.
- The TTM Signals Oscillator must pull back toward the 0 level.
- A buy signal is confirmed when the blue line crosses back above the magenta line near the 0 level.
- Enter the buy trade at the close of the candle where the bullish crossover is confirmed.
- Stop loss is placed below the most recent swing low or below the last HAMA bullish candle.
- Take profit is set at the next resistance level or using a minimum 1:2 risk to reward ratio.
Sell Entry Rules
- The HAMA Jurik Candlestick indicator must display gray/white candlesticks, confirming a bearish trend.
- The TTM Signals Oscillator must rise back toward the 100 level.
- A sell signal is confirmed when the magenta line crosses back above the blue line near the 100 level.
- Enter the sell trade at the close of the candle where the bearish crossover occurs.
- Stop loss is placed above the most recent swing high or above the last HAMA bearish candle.
- Take profit is set at the next support level or using a minimum 1:2 risk to reward ratio.
Advantages
- Allows entry after pullbacks instead of chasing strong price moves.
- Clear trend direction using smooth candlestick visualization.
- Momentum confirmation reduces false breakout entries.
- Works well across multiple timeframes and currency pairs.
- Encourages disciplined trading with predefined conditions.
Drawbacks
- Signals may appear less frequently during strong one-directional trends.
- Requires patience to wait for oscillator pullbacks.
- Sideways markets can reduce the effectiveness of momentum signals.
- Not optimized for very fast scalping on low timeframes.
Case Study 1
On AUDUSD H1 during the European session, HAMA Jurik Candles remained blue/white, confirming a sustained bullish trend.
After a temporary correction, the TTM Signals Oscillator dropped close to the 0 level.
When the blue line crossed back above the magenta line, a buy trade was executed at candle close.
The stop loss was placed below the recent swing low.
Price resumed higher and reached the take profit level for a gain of approximately 85 pips.
Case Study 2
On USDCAD M30 during the New York session, the HAMA Jurik Candles turned gray/white, indicating bearish conditions.
The TTM Signals Oscillator climbed toward the 100 level during a retracement.
Once the magenta line crossed above the blue line, a sell trade was entered.
The stop loss was set above the recent high.
Price continued lower and hit the profit target, delivering around 52 pips.
Strategy Tips
- Trade only in the direction shown by the HAMA Jurik Candlestick colors to stay aligned with the main trend.
- Use the TTM Signals Oscillator as a timing tool rather than a standalone trend indicator.
- Wait for pullbacks toward key oscillator levels to improve entry quality.
- Confirm entries on candle close to avoid premature signals.
- Focus on liquid pairs during active market sessions for smoother price action.
- Manage risk carefully by keeping stop losses consistent and avoiding overtrading.
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Download the “ttm-stoch.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (Slw, Pds, Slwsignal) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Oscillator
