The indicator FTOR is a quick tick oscillator. It shows tendencies of the price movement on a short period of time. It uses tick data for calculations. It can have values from -100 to +100.

The indicator has three input parameters:

• Period - time range in seconds for analyzing the price;
• Smoothing - the smoothing parameter of the indicator (a positive value);
• Ticks To Draw - number of previous values of the indicator displayed on a chart. If the parameter is equal to zero, the indicator will use the number of visible bars on the chart.