Integrated trend analysis is an attempt to study and analysis these diverse forces which affect the price of a security. What Triple Trend Oscillator does is, it puts the multiple trend on the screen simultaneously, to present an overall picture.
The position of the trend oscillators, play an important role in determining the trend strength. In case, all the trend oscillator remain above the major trend and continue to oscillate above it, the security would exhibit highly bullish impulse and rise rapidly. Reverse is true for a highly bearish security, when all the trend oscillators fall below the major trend and continue to oscillate below it.
A trader intending to take a long position in a security would be cautioned by the headwind, in the form of a short term weakness in security, and would wait till the short term momentum has again turned positive to minimise his risk and a possible stop loss trigger.
The following hourly chart of ICICI Bank shows a fairly long bullish daily trend, along with the sub trends. A trader can, by avoiding the short term down tends, perfectly time his entry and ride the uptrend with minimum risk.
