The Triple Screen Trading System is a trading strategy developed by Dr. Alexander Elder. It combines multiple time frames to improve decision-making in financial markets. The system uses three screens: the first screen identifies the overall trend using a longer time frame, the second screen looks for entry points in a medium time frame, and the third screen fine-tunes the timing for trades using a shorter time frame. This approach helps traders filter out noise and focus on high-probability setups. By analyzing different time frames, traders can align their trades with the prevailing market trend, potentially increasing their chances of success.