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TTM Trend Colors Heikin-Ashi Bars Using a Lookback Midpoint

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Summary

The document describes TTM Trend as a visual charting method based on Heikin-Ashi candles. It aims to smooth irregularities in ordinary candlesticks so traders can more easily distinguish trends from consolidations. The explanation focuses on changing bar colors according to a lookback calculation: closes relative to the 50% level of an average over recent candles determine whether the display indicates a bullish or bearish state. The lookback length can be adjusted to suit a trader’s preferences.

The document gives no performance results, worked examples, or precise specification of the averaging calculation, and its wording about which side of the midpoint maps to each color is difficult to interpret. It presents the indicator as a chart-reading aid rather than a complete trading system. It does not provide entry, exit, position-sizing, or risk-management rules, so the colors alone do not establish whether a trade is suitable.

Key ideas

  • TTM Trend presents smoothed Heikin-Ashi bars to make trend and consolidation phases easier to see.
  • Bar colors are determined by closes in relation to a midpoint derived from a recent lookback average.
  • The lookback setting can be adjusted to match a trader’s preferred chart behavior.
  • The description does not specify a full trading method or provide evidence of profitability.

Tags

Technical indicatorsTrend following

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.