A new “Master Trend DIRECTION” screening column has been added to the FataFat PREMIUM Stock Screener.
What is The MTREND Indicator based on ?
The MTREND indicator is based on Previous set of day’s price action.
These past set of data is used to determine The Master Trend Direction of the Stock.
Does MTREND keep Changing during the day ?
MTREND INDICATOR does not change during the day.
MTREND data for tomorrow is calculated at 10pm today.
What is The MTREND Indicator useful for ?
MTREND Filter is used to avoid taking intraday trades against the Master Trend of the daily candles.
You don’t want to be caught up in the Wrong side of the Master Trend direction, while intraday trading.
Ideally, Intraday trades are initiated only in the same direction as MTREND.
This Filter can be used as a main Filter when using the other Screening conditions on the FataFat Stock Screener.
On what Screeners is The MTREND available ?
The MTREND Screening column is available on The Premium version of FataFat Stock Screener.
On 1 month and 3 months Screener subscriptions.
On what screener can I use the direct MTREND Indicator links for ZERODHA KITE 3 charts?
MTREND Indicator links are available only with 3 month FataFat Premium subscription. ( as seen in the above video).
The links are available on The Daily Scan Engine as seen in the demo video.
MTREND SCREENING column Screenshots.
Simple 3 Stage Filtering for Intraday UP trending stocks.
The Master Trend Screening Feature is available on the FataFat PREMIUM Stock Screener.