Rank: Advanced Member
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Joined: 1/13/2009(UTC)
Posts: 42
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Trading The Trend (TTT) indicator by Andrew Abraham is a simple, intuitive and spiffy short- and medium-term trend-catcher (code below). but it generates garbage when trend weakens and price action is somewhat sideways.
has anybody ever looked at ways to improve this indicator? any ideas?
Pds:=21;
Mult:=3;
TruRan:=Mov(ATR(1),Pds,W)*Mult;
HiLimit:=HHV(H,Pds)-TruRan;
LoLimit:=LLV(L,Pds)+TruRan;
If(C>HiLimit,HiLimit,LoLimit)
Many thanks
ZigZag
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Rank: Advanced Member
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Joined: 10/29/2004(UTC)
Posts: 1,394
Location: Glastonbury, CT
Was thanked: 2 time(s) in 2 post(s)
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you can change the Mult to 2 to get closer to the Close for a tighter stop.
on another matter, do you have the PowerPivot Plus Add-on?
Henry
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 1/13/2009(UTC)
Posts: 42
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many thanks for your reply Henry. i think i will try some simple trend filter to de-activate TTT during "sideways" price action.
i do not own the PP+ add-on. i realize it is popular and i sense it is appreciated by the some of the pros in the forum but i have a hard time getting comfortable with indicators which past values change with unseen data. further, i understand that its code/logic is a black-box. i rely heavily on backtesting before commiting money to a system and i am not sure PP+ would help me.
nuggets of wisdom are welcome.
best
ZigZag
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