If the market makes higher lows and higher highs, the indicator plots a blue dot (indicating UP Trend).
And if the market makes lower lows and lower highs, the indicator plots a black dot (indicating DOWN Trend).
MTF Trend indicator plots instantaneous trend of 10 different time-frames. It divides the timeframe bands into Short, Medium and Long Term trends.
The indicator plots a signal cross below their respective trend bands when all timeframes in their band synchronize.
If all the three bands, short-medium-long, synchronize, the indicator plots a signal circle below the in indicator.
The topmost line plots the trend in the current chart.
Good Luck Trend Traders...
I am sure that when all the dots line up for the 15 and 30 min that will be good trades...and watching the cloud...