As a stand alone indicator, Triple Trend Oscillator can by used to analyze trend dynamics at play within a trend.
Any changes in trends are first captured by the TO of the lower time frame and plotted well before the actual change takes place, thus preparing the trader to position himself well ahead.
Triple Trend Oscillator can be used for the following interpretations :
1. Understanding trend strength: Using the position of TOs in relation to each other and the zero line.
2. Trends across multiple time frames : Creating an anatomical structure of a trend.
3. Entry and Exit : Trigger crossover can be used as precise entry and exit points for a prevailing trend.
4. Divergences : Trend reversals and transition generate divergences much in advance.
5. Trending and Range bound : The proximity of TOs to zero line or otherwise, give indication of trend quality.
6. Topping and Bottom formation : The patterns generated by TTO indicate tops and bottoms.
7. Leading Indicator : By interpreting crossovers and transitions, TTO can be used as a leading indicator.
The following chart of TTO and MACD shows how indications and signals are generated, divergences are captured, as the TOs of lower degree lead to help "Staying Ahead" in a trend.
Notice how the trigger line crosses the TOs to generate an advance warning and subsequent transition of TOs of each lower degree above or below the higher degree TO. These crossovers happen much in advance, before any signals are generated on MACD.
For a detailed understanding on Triple Trend Oscillator, please download the PDF from the following link :
https://drive.google.com/file/d/0B5acZQyK9vNZcHU1cENBUmw0cnM/view?usp=sharing
