I am using True Trend Line Indicator for few months and in my judgment it can draw to much trend lines. You can obtain 5-8 trend lines on 15M chart easily close to each other and that is very confusing as you actually don’t know which break is the ”real” TD break. I have a preference to sketch them manually. It works well on 4H+ TF but I only just trade that TF.
Occasionally it can draw a lot of trend lines. It usually occurs mostly in doubtful movements (as you have seen the aftermath of the previous week’s fundamental background). Another fact is that sometimes in M1 timeframe it shows only single main trend line, but it could come into view on H4 with many of trend lines. The number of lines does not depend on the timeframe. Especially, each trend line is a possible stopping point. As a result, you can enter to that breakout only which has sufficient space to the next level or trend line (R/R ratio).
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