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Creator: Definedge
Multiplier: 3
Period 1: 10
Period 2: 10
MAST displays clouds on the chart.
MAST is a combination of a Moving Average and a Super-trend indicator.
The upper band of the MAST indicator is level 1 and the lower band is level 2.
A price above the MAST clouds indicates a bullish trend. A price below the MAST clouds indicates a bearish trend. A bullish pullback opportunity occurs when price forms a bullish pattern within the green clouds. A bearish pullback opportunity occurs when price generates a bearish pattern within the red clouds.
This indicator and concept was developed by Definedge.
Click here to learn more about this indicator.
The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.
This indicator is also available in the System Builder on RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.
The indicator is applicable to all types of charting. It is calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin-Ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.