Brain Trend Signal Alerts is a client-side VTL indicator that traces buy and sell signals. This follows the short-term trend and is a great intraday trading tool. The indicator identifies trend changes using candle minimums and true average range. The red arrow appears when a downward trend is identified and the green arrow appears when the trend changes upward.
For best results, brain trend alerts can be used in conjunction with a long-term moving average such as the simple moving average of 200 periods. The purchase signals are valid when the signal is generated above the moving average and the sales signals are valid when they are formed below the moving average.
The indicator writes the current signal and the latest business details in the information panel on the chart. When a new signal appears, it generates an alert.
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