MTF Trend:

The Multiple Time Frame Trend (MTFT) indicator will aggregate multiple timeframes onto 1 chart. Up to 5 time frames can be shown (time frame 1=TF1, time frame 2 =TF2, time frame 3 = TF3, time frame 4 = TF4, time frame 5 = TF5) as well as a summation of all timeframes that show the overall trend based on the aggregation of the 5 time frames. A Modified Heikin Ashi (MHA) algorithm is used to calculate the trend for each time frame. The summation of all time frames shows the overall trend based on the summation of the 5 individual time frames that each use the MHA algorithm. When there is a strong trend (all 5 time frames agree) and an uptrend has started the Sum is shown in light blue and a downtrend the Sum is shown in red. When the trend may be changing to up the Sum is shown in dark blue and when the trend may be changing to down the Sum is shown in dark red. The MTFT indicator works in RadarScreen®, the Scanner and the Chart Analysis window.