Technical Breakdown
Triple Twist Numbers (TTNs) are a statistical tool used in technical analysis to identify potential areas of support and resistance in price movements. They are calculated by subtracting the highest high of a specified period from the lowest low of the same period and multiplying the result by the closing price of the period. TTNs are plotted as a line on a price chart and can be used to identify potential trading opportunities.
Performance Insights
Traders often use TTNs in conjunction with other technical indicators to confirm potential trading signals. For example, a trader may look for a buy signal when the TTN line crosses above a moving average and the price is making a higher high. Conversely, a trader may look for a sell signal when the TTN line crosses below a moving average and the price is making a lower low. TTNs can also be used to identify potential areas of congestion, where the price is trading within a range.
