A system for determining the tongue weight and total weight of a towed vehicle and other parameters includes a drawbar transducer in one embodiment, a receiver hitch transducer in another embodiment, and a trailer tongue transducer in a further embodiment. Strain gauges are strategically located on the transducer and information regarding the towed vehicle are sent to a display. In one embodiment, a portable display unit, smartphone or the like has a receiver for receiving transmitted data from the transducer reflective of the towed vehicle measured and calculated parameter so that a user can view the tongue weight in practically real time as well as other parameters relating to loading and towing. In this manner, the user can adjust the contents of the towed vehicle to achieve proper tongue weight without the necessity of going back and forth between the trailer and the transducer. A method is also disclosed for determining a safe towing condition based on the trailer tongue weight, trailer pulling force, acceleration during towing, calculated trailer weight, and other factors.