Recruitment of participants Multi Time Frame (MTF) Non-repaint BrainTrend Indicator all-in-one package

Multi Time Frame (MTF) Non-repaint BrainTrend Indicator all-in-one package

Please note that it does not work on Tick and Range type chart, it only works on Time based chart.

This Multi Time Frame (MTF) Non-repaint version BrainTrend Indicator all-in-one package include:

1.BrainTrend indicator Non-repaint screener, market radar, custom quotes system
2.Multi Time Frame (MTF) BrainTrend Indicator Thinkorswim NO REPAINT version.
3.BrainTrend Non-repaint BUY and SELL Signal Scan (Stock Hacker)

1.BrainTrend indicator Non-repaint screener, market radar, custom quotes system

By adding this BrainTrend indicator radar in Marketwatch, you will be able to know the current signals of BrainTrend in any timeframe without looking at charts.

The advantages of using a Multi Timeframe screener to compare what the signals are over different timeframes to help making better decisions.



Trends can be classified as primary, intermediate and short term. However, markets exist in several time frames simultaneously.
As such, there can be conflicting trends within a particular stock depending on the time frame being considered.
It is not out of the ordinary for a stock to be in a primary uptrend while being mired in intermediate and short-term downtrends.

It's very important to keep track of all trends, and using a screener is the only way to do it.



The pictures only show 3 different timeframes.
But you can have all of the following timeframes listed on the screen at the same time.

2.Multi Time Frame (MTF) BrainTrend Indicator Thinkorswim NO REPAINT version.

This is the NO REPAINT version with new algorithm, it also comes with alert.
In the original version, signal on current bar will always change until the Close price is fixed.
By NO REPAINT, it means the last/current signal will never change.



This Multi Time Frame (MTF) BrainTrend indicator has all features from (BrainTrend Indicator all-in-one edition). The only difference is that this version has Multi Time Frame (MTF) feature.

With this MTF version BrainTrend, you can apply any time frame of BrainTrend to your current chart.
As long as the selected MTF time frame is greater than the chart time frame.

A long-term position trader could focus on weekly charts while using monthly charts to define the primary trend and daily charts to refine entries and exits.

BrainTrend will provide a buy signal with a big Cyan dot when buy conditions are met. The value of the big cyan dot is the initial stop for the position. BrainTrend will provide a sell signal with a big Magenta dot when sell conditions are met. The value of the big dot is the initial stop for the position.

It shows trend direction by colors, when the market changes to or stays in an up-trend, the bars become or remain Cyan. When the market changes to or stays in a downtrend, the bars become or remain Magenta. When the market goes sideways or is not strong on either side, the bars become or remain Cyan.

Cyan Dots below the lows of the bars indicate two things:
(1) the market is in an up-trend;
(2) the values of the Cyan Dots are the protection stops or the profit target stops (if the position had profit) for the long position.

The Magenta Dots above the highs of the bars indicate two things:
(1) the market is in a down-trend;
(2) the values of the Magenta Dots are the protection stops or the profit target stops (if the position had profit) for the short position.

Entry points are also effected by the settings of the time frame. The longer the time frame, the higher the accuracy. The time frame controls the trading frequency too.
Generally, use the longer time frame to determine the direction that you want to enter; use the shorter time frame to pinpoint the entry.



For example, you may use 1-hour chart to guide the direction and use 15-min chart for entry or exit for daytrading.

This method has a great advantage of getting better filled for position trading. Use the longer time frame, such as the 4-hour bar, to determine the direction, and use a short time frame, such as 1-hour or 30 minute, to determine the entry point. For example, if the 4-hour bar is cyan, prepare to buy, but wait for the 1-hour or 30 minute bar to turn Magenta. Estimate the normal retracement duration for your market. If the normal retracement duration is 4 bars on the 30 minute chart, then wait for 4 Magenta bars, and if the 4th Magenta bar does not penetrate the BrainTrade stop, enter a long position at the market. You get a better filled price as well as a favorable market position, since the market did not penetrate the stop after a normal retracement period. You may use 4-hour chart to guide the direction and use 1-hour chart for entry or exit for position trading. Wait the market pulling back, but not penetrating the BrainTrade stops to enter.

You need to decide for yourself, though typically the best time is about 4 to 8 bars. Avoid entering the market near the current high or long term Resistance Line, even when you get a buy signal from short term chart and confirmed by long-term chart.

The following charts show how MTF works when you load a current timeframe indicator and a longer timeframe MTF indicator.

To do that, you need to load this indicator twice, and set one of them to MTF=no, and another with MTF=yes and choose your desired timeframe for it.



The trading tips revealed here are intended to enhance your winning probability. Any trading rules, however, have certain limitations based on which market you refer to, what kind of confirmations you are using, what time frame is being used, and so on. You need to test the rules with your specific market before applying to real trading. To apply BrainTrade indicators with consideration of different market conditions is very important.

BrainTrade is ideal for both day trading and position trading. BrainTrade help you to focus on the most essential information on markets. BrainTrade indicators provide market directions, provide trend and stops, provide buy and sell signals. With BrainTrade you now have immediate access to the river of information about the major trend changes, buy and sell signals, and stops for large number of market symbols. BrainTrade is revolutionizing the very nature of trading. People have lived for so long without information at their fingertips that they don’t realize what they’re missing.

Parameters available for you to adjust the BrainTrend Indicator.

1. MTF: choose 'yes' to enable Multi Time Frame (MTF) on chart.
2. timeframe: choos your desired timeframe.
3. stoch_period
4. stoch_max
5. stoch_min
6. atr_current_norm_factor
7. atr_before_norm_factor
8. atr_period
9. atr_before_step

Since there already are many explaination and details about this indicator, we don't repeat it here.
It works on all time frame and all markets(Stocks, Futures, Forex, Options,ETF, etc.)

3.BrainTrend Non-repaint BUY and SELL Signal Scan (Stock Hacker)

BrainTrend is a very popular Indicator, the calculation is based on Stochastic Oscillator and Average True Range (ATR).

1. Stochastic Oscillator is based on the observation that as prices increase, closing prices tend to be closer to the upper end of the price range. In downtrends, the closing price tends to be near the lower end of the range.
2. ATR calculates the average of true price ranges over a time period. The True Price Range is defined as the greatest of distances between today's high to today's low, yesterday's close to today's high, and yesterday's close to today's low. The Average True Range is a moving average of the True Range over a specified period of time.

There are 7 parameters available for you to adjust the BrainTrend Indicator.

1. stoch_period
2. stoch_max
3. stoch_min
4. atr_current_norm_factor
5. atr_before_norm_factor
6. atr_period
7. atr_before_step

Feature:

• 
  
  • Search for symbols in up trend or down trend within given bars.
  • Scan in any symbol set, such as stocks, futures, FX, indices, funds.
  • With many price conditions: price range, volume range, etc.
  • Intersecting with your other preferred indicators: RSI, MACD, Moving average, ATR, ADX, Bollinger, MoneyFlow, Williams, etc.
  • Scan in any time frame, 5mins, 15mins, 30mins, 1 day, 1 week, 1 month.

You can combine any criteria you want to make your own custom scanner.

For example, scan in daily time frame with any "optionable" symbol from $50 to $100 with volume greater than 500k, and today's the 2nd bar from the start of BUY or SELL Signal.

Example 2, scan in 30 min time frame with any symbol that the current bar is the 3rd bar from the start of sell Signal .

Example 3, scan all FX in 1 hour time frame with RSI is below 30 and current bar is the 1st bar of BUY or SELL Signal.

The default setting will scan if current bar has buy signal or sell signal.

Please contact us if you need our help to build a complex custom scanner.