The 3 major market modes are consolidation, trend (up-trend or down-trend), and choppy (a trading range). Every financial instrument goes through these three market modes on any chart. The interplay of our multiple time frame price action indicator shows at a glance when you are in an up-trend, a down-trend, when you have a MTF consolidation, and/or when you are trading a choppy market. Using the power of RadarScreen combined with our MTF Price Action Market Mode Indicator you can see the market mode and also scan for a variety of different types of trade set-ups.
Watch this video to see the MTF Price Action Market Mode Indicator in operation showing 7 different times frame in one subgraph.
This trading software product includes:
NOTE: You must purchase or have already purchased the MTF Price Action Indicator set to purchase this product.
If you want a tool to accurate identify what market mode each symbol is trading in and can assist you to quickly find good trade set-ups using RadarScreen then simply add this item to your shopping cart.
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