TTW-Trend Analyzer PRO

The TTW-Trend Analyzer is a technical analysis tool used by traders to identify the direction of a market's trend and provide potential entry and exit points for trades. It is particularly useful for understanding the trend in various timeframes and for different trading styles, such as day trading, swing trading, and position trading. The TTW-Trend Analyzer indicator calculates the average price based on a specific number of past candlesticks, applying a multiplier to the average true range to create a volatility-adjusted moving average. In summary, the TTW-Trend Analyzer add-on for Bookmap helps traders identify the prevailing market trend and potential entry and exit points by considering the average price, volatility, and trend switch conditions. Adjusting the candle interval, the number of candles, and the multiplier allows traders to customize the indicator to suit their trading style and risk tolerance.