Trading The Trend (TTT) indicator by Andrew Abraham is a simple, intuitive and spiffy short- and medium-term trend-catcher (code below).  but it generates garbage when trend weakens and price action is somewhat sideways.

has anybody ever looked at ways to improve this indicator?  any ideas?

Pds:=21;
Mult:=3;
TruRan:=Mov(ATR(1),Pds,W)*Mult;
HiLimit:=HHV(H,Pds)-TruRan;
LoLimit:=LLV(L,Pds)+TruRan;
If(C>HiLimit,HiLimit,LoLimit)

Many thanks

ZigZag

you can change the Mult to 2 to get closer to the Close for a tighter stop.

on another matter, do you have the PowerPivot Plus Add-on?

Henry   

many thanks for your reply Henry.  i think i will try some simple trend filter to de-activate TTT during "sideways" price action.

i do not own the PP+ add-on.  i realize it is popular and i sense it is appreciated by the some of the pros in the forum but i have a hard time getting comfortable with indicators which past values change with unseen data.  further, i understand that its code/logic is a black-box.  i rely heavily on backtesting before commiting money to a system and i am not sure PP+ would help me.

nuggets of wisdom are welcome.

best

ZigZag