A new “Master Trend DIRECTION” screening column has been added to the FataFat PREMIUM Stock Screener.
What is The MTREND Indicator?
The MTREND Indicator is a Directional Strength Indicator. Indicates if the Directional bias of a Stock is UP, DOWN or with NO Bias on the Daily candle time-frame. This Directional Strength of a stock can be used as a filter to avoid noise on your Intraday Setup Screening.
What is The MTREND Indicator useful for?
MTREND is not a Trade Signal by itself.
MTREND Indicator can be used as a Primary or as a Supporting noise reduction Filter for your intraday screening on The Premium FataFat Stock Screener.
Ideally, MTREND Filter helps you to avoid taking intraday trades against the Master Trend of the Previous set of daily candles.
How is The MTREND Indicator calculated?
The MTREND indicator is calculated using the Previous number of day’s data points.
Does MTREND keep Changing during the intraday?
MTREND INDICATOR values does not change during the day.
MTREND is calculated a day in advance for the next day.
MTREND data for tomorrow is calculated at 10pm each weekday.
Where is The MTREND Indicator available for viewing?
The MTREND Screening column is available on The Premium version of FataFat Stock Screener.
MTREND is also available on some of the other screening tools you find on this site.
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.