Brain Trend Indicator

Brain Trend Indicator

Determine exact buy/sell levels using the best trend-following Brain Trend technical indicator for MT5. Tracks market highs/lows and identifies potential breakout zones.

The Brain Trend indicator tracks recent market highs and lows to identify potential price breakouts and trend reversals.

This indicator uses an advanced algorithm to detect changes in market sentiment. To determine the direction of momentum, it evaluates price changes relative to the average true range (ATR).

In this guide, we will explain how you can anticipate accurate price breakouts by following the signals of this indicator in MT5.

How to Trade Forex and Stocks Using the Brain Trend Indicator for MT5

The indicator applies red dots to show upcoming resistance. On the other hand, blue dots represent potential support areas. These levels are built on the basis of recent highs and lows of market swings.

Depending on the price movement, we can use brain trend support/resistance levels to anticipate pullbacks and breakout trading signals.

In the EUR/USD H4 chart above, the price was initially under a bearish trend. Under such conditions, we will only make sell entries after bearish price breakouts at the support level or pullbacks at the resistance level. As you can see, every time the price breaks the support line (blue), there is a profitable selling opportunity.

Support and resistance levels that are closer together indicate market consolidation. Most of these price consolidations can end in bullish or bearish breakouts. Thus, before entering a trade, it is necessary to study the price behavior around brain trend levels.

Conclusion
The Brain Trend Indicator for MT5 is the perfect companion for forex and stock technical traders. It tracks potential breakouts of recent market highs and lows, helping you identify profitable buy/sell signals after sustained price breakouts. Using moving averages along with the Brain Trend indicator can increase the accuracy of your trading.