Arps Triple Trender

The Arps Triple Trender tool gives you the power to Trade with the Trend in the equivalent of three different time frames: Long, intermediate and short. The Triple Trender consists of a short-term Trender (Sensitivity = 1), a medium-term Trender (Sensitivity = 4) and a long-term Trender (Sensitivity = 7), all running on the chart at the same time. The user should enter a position only when the short, medium and long-term trends are all in agreement.

A short-term trader should exit his or her position when the price closes outside the short-term Trender. The short-term trader should not re-enter until all three Trenders are once more in agreement. Similarly, a medium-term trader should exit his or her position when the price closes outside the medium-term Trender and not re-enter until all three Trenders are once more in agreement.

The sensitivities of the Triple Trender lines can be changed by modifying the Sensitivity 1, Sensitivity 2 and Sensitivity 3 Inputs.

As with the single-line Trender Tools, each line has a UseClose true/false input. If UseClose 2 is set to “True”, that particular Trender will only flip if the price closes outside the current Trender level. When UseClose 2 is set to “False”, that Trender will flip if the price touches the current Trender level. We recommend that you keep the UseClose inputs set to “True”.

To make the annoying transition lines from “down” Trender to “up” Trender disappear, the input, “Background Color” should be set to the background color of the chart you are using. The default setting is white, which will work well on a white chart background.