The TTM_Trend study is intended to indicate the true direction of the trend replacing false signals with true ones.
The TTM_Trend study converts the normal chart to the view where irregularities are eliminated. In TTM_Trend, a bar is shown as bearish when the Average Price has closed in the lower 50% price range of the input-defined number of previous bars. If the Average Price has otherwise closed in the upper 50% range, the bar is shown as bullish.
||The number of bars to calculate the price range.|
||Defines whether or not to paint bars according to the algorithm (blue for bullish trend, red for bearish trend).|
||The Trend Up plot.|
||The Trend Down plot.|
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.