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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, a medium-term Trender, and a long-term Trender, 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 position when the price closes outside the short-term Trender. He should not re-enter until all three Trenders are once more in agreement. Similarly, a medium-term trader should exit his position when the price closes outside the medium-term Trender and not re-enter until all three Trenders are once more in agreement.
Available on: TradeStation and MultiCharts
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