Sinan  Aydın

Writer:

Sinan Aydın
Rajesh  Sharma

Reviewer:

Rajesh Sharma
Modified:
56

Brain Trend Indicator for MT5 Download – Free – [TradingFinder]

TradingView

MetaTrader4

MetaTrader5

$4FreeFor a limited time
Brain Trend Indicator for MT5 Download – Free – [TradingFinder]
Brain Trend Indicator for MT5 Download – Free – [TradingFinder] 0
Brain Trend Indicator for MT5 Download – Free – [TradingFinder] 1
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The Brain Trend Indicator is used to identify potential support and resistance levels, as well as to detect price breakouts and trend reversals.

This indicator analyzes recent market volatility data to identify price highs and lows, marking them on the chart with blue and red dots. Blue dots represent support zones, while red dots indicate resistance areas.

Brain Trend Indicator Specifications Table

The specifications of the Brain Trend Indicator are summarized in the table below.

Indicator Categories:
Signal & Forecast MT5 Indicators
Trading Assist MT5 Indicators
Levels MT5 Indicators
Platforms:
MetaTrader 5 Indicators
Trading Skills:
Elementary
Indicator Types:
Reversal MT5 Indicators
Timeframe:
Multi-Timeframe MT5 Indicators
Trading Style:
Swing Trading MT5 Indicators
Scalper MT5 Indicators
Day Trading MT5 Indicators
Trading Instruments:
Forex MT5 Indicators
Crypto MT5 Indicators
Stock MT5 Indicators

Brain Trend Indicator at a Glance

The Brain Trend Indicator, using a sophisticated algorithm, analyzes market trends and sentiment. It determines the direction of price movement by comparing price fluctuations with the Average True Range (ATR) and reflects market status on the chart accordingly.

Bullish Trend

According to the 1-hour chart of the GBP/USD currency pair, the Brain Trend Indicator plots a support level using a blue dot. As seen in the image, this support zone effectively prevented further price decline, and the market responded with an upward movement after it was reached.

Brain Trend Indicator in a Bullish Trend
Support zone marked by Brain Trend Indicator

Bearish Trend

Based on the 15-minute chart of Ethereum (ETH) cryptocurrency, the Brain Trend Indicator identifies resistance areas using red dots. As shown in the image, once the price approached the marked level, it reacted and moved into a bearish trend.

Brain Trend Indicator in Bearish Market Conditions
Identifying potential resistance zone using Brain Trend Indicator

Brain Trend Indicator Settings

The configuration items related to the Brain Trend Indicator are as follows:

Brain Trend Indicator Settings Overview
Customizable settings overview in Brain Trend Indicator
  • Lookback: Number of previous candles used in the indicator’s calculations
  • Enable Alerts: Activates the alert functionality

Conclusion

Despite its simple appearance, the Brain Trend Indicator is a powerful tool for technical analysis. Identifying support and resistance levels facilitates decisions regarding market entry and exit.

Through its assessment of recent market volatility and recognition of price highs and lows, the indicator provides opportunities to spot key reversal or breakout levels.

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FAQs

Can the Brain Trend Indicator be used in the stock market?

Yes, this indicator can be used without limitation in all markets.

What do the red dots in the Brain Trend Indicator signify?

Red dots indicate resistance zones.

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