A Trend Trigger Factor Variant with Discontinued Signal Lines
Summary
This indicator description outlines a modified Trend Trigger Factor, originally attributed to M. H. Pee in a technical analysis publication. It says that the variant applies a selectable moving average to prices before calculating the indicator, using simple, exponential, smoothed, or linearly weighted averages. The stated design aim is to reduce the lag associated with smoothing the calculated indicator afterward while filtering price data.
Rather than using fixed positive and negative threshold levels for signals, this version uses discontinued signal lines to filter trends, with color changes suggested as a way to identify triggers. The description provides no formula, chart evidence, performance results, or tested parameter settings. It recommends experimenting with parameters before live use, so the claimed responsiveness and filtering benefits remain unverified in the material provided.
Key ideas
- The variant smooths input prices before calculating the Trend Trigger Factor.
- It offers several moving-average types for the price filter.
- Discontinued signal lines replace fixed threshold levels as the trend filter.
- Color changes are presented as possible triggers, but no precise rules are provided.
- The document contains no performance evidence and advises parameter experimentation.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.