ttm_trend#

API documentation for pandas_ta.trend.ttm_trend Python function.

ttm_trend(high, low, close, length=None, offset=None, **kwargs)[source]#

TTM Trend (TTM_TRND)

This indicator is from John Carters book “Mastering the Trade” and plots the bars green or red. It checks if the price is above or under the average price of the previous 5 bars. The indicator should hep you stay in a trade until the colors chance. Two bars of the opposite color is the signal to get in or out.

Sources:

https://www.prorealcode.com/prorealtime-indicators/ttm-trend-price/

Calculation:

Default Inputs:: length=6

averageprice = (((high[5]+low[5])/2)+((high[4]+low[4])/2)+((high[3]+low[3])/2)+((high[2]+low[2])/2)+((high[1]+low[1])/2)+((high[6]+low[6])/2)) / 6

if close > averageprice:: drawcandle(open,high,low,close) coloured(0,255,0)
if close < averageprice:: drawcandle(open,high,low,close) coloured(255,0,0)

Args:

high (pd.Series): Series of ‘high’s low (pd.Series): Series of ‘low’s close (pd.Series): Series of ‘close’s length (int): It’s period. Default: 6 offset (int): How many periods to offset the result. Default: 0

Kwargs:

fillna (value, optional): pd.DataFrame.fillna(value) fill_method (value, optional): Type of fill method

Returns:

pd.DataFrame: ttm_trend.