Sinan  Aydın

Writer:

Sinan Aydın
Rajesh  Sharma

Reviewer:

Rajesh Sharma
Modified:
50

Brain Trend Indicator for MT4 Download – Free – [TradingFinder]

TradingView

MetaTrader4

MetaTrader5
$4FreeFor a limited time
Brain Trend Indicator for MT4 Download – Free – [TradingFinder]
Brain Trend Indicator for MT4 Download – Free – [TradingFinder] 0
Brain Trend Indicator for MT4 Download – Free – [TradingFinder] 1
Brain Trend Indicator for MT4 Download – Free – [TradingFinder] 2
Brain Trend Indicator for MT4 Download – Free – [TradingFinder] 3
4
50
0
Modified:

The Brain Trend indicator is used to identify potential support and resistance zones, as well as detect breakouts and trend reversals. Based on recent market swing highs and lows, the indicator marks the mentioned levels on the chart using blue and red dots.

Brain Trend Indicator Specifications Table

The following table outlines the specifications of the Brain Trend Indicator.

Indicator Categories:
Signal & Forecast MT4 Indicators
Trading Assist MT4 Indicators
Levels MT4 Indicators
Platforms:
MetaTrader 4 Indicators
Trading Skills:
Elementary
Indicator Types:
Reversal MT4 Indicators
Timeframe:
Multi-Timeframe MT4 Indicators
Trading Style:
Day Trading MT4 Indicators
Scalper MT4 Indicators
Swing Trading MT4 Indicators
Trading Instruments:
Stock Market MT4 Indicators
Cryptocurrency MT4 Indicators
Forex MT4 Indicators

Brain Trend Indicator at a Glance

The Brain Trend Indicator, using an advanced algorithm, displays shifts in market sentiment. It also assesses price changes relative to the Average True Range (ATR) to determine the direction of price movement.

Bullish Trend Conditions

According to the 1-hour price chart of the AUD/USD currency pair, the Brain Trend indicator displays a support zone using a blue dot. As illustrated, the marked area effectively served as a support level, and the price moved upward after it was touched.

Bullish trend analysis using the Brain Trend Indicator
Identifying support zones with the Brain Trend Indicator

Bearish Trend Conditions

Based on the 1-minute chart of the Bitcoin (BTC) cryptocurrency, the Brain Trend indicator displays resistance levels using red dots. As shown in the image below, the price accurately reached the marked zone by the indicator and then moved downward.

Bearish trend analysis using the Brain Trend Indicator
Displaying resistance zones with the Brain Trend Indicator

Brain Trend Indicator Settings

The configuration settings of the Brain Trend Indicator are described below:

Brain Trend Indicator settings window
Overview of Brain Trend Indicator settings
  • Lookback: Number of previous candles used in indicator calculations
  • Alerts ON: Enables alert functionality

Conclusion

The Brain Trend Indicator is a simple yet powerful technical analysis tool that facilitates the identification of support and resistance points, making it easier to spot entry and exit opportunities in the market.

By tracking recent price fluctuations and recognizing key highs and lows, this tool helps identify critical reversal or breakout zones.

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FAQs

Does the Brain Trend Indicator generate trade entry signals?

No, this indicator does not provide trading signals.

What do the blue dots in the Brain Trend Indicator represent?

These dots indicate support zones.

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