While identifying trends for any Stock or Index, the current trend is important. Plotting the current trend on a Chart with various indicators can give us a decent idea of the current trend.
But whats really helpful is if we can spot trends ACROSS MULTIPLE TIMEFRAMES. Because if you can identify a stock whose trend is aligned across several timeframes, the confidence level increases substantially, and the probability of success in the trade also increases substantially.
But this is not simple, unless youre plotting multiple charts with multiple timeframes on your trading screens, which generally tends to cloud out the analysis. Even then, we still lack insights to evaluate if the stock trend is indeed aligned across several timeframes.
Please watch the Preview videos of the Multi Time Frame Trend indicator in action.
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