Thanks for clarifying — you're referring to MRI Indicator in chart analysis, which likely means a technical indicator used in stock or crypto trading charts.
However, “MRI Indicator” isn't a standard, widely-recognized indicator in traditional trading (like RSI, MACD, Bollinger Bands). But in crypto trading, especially in the Tone Vays community, the MRI stands for:
MRI = Market Reversal Indicator
It’s a proprietary indicator developed by Tone Vays, based on TD Sequential — a timing-based indicator used to spot trend exhaustion and potential reversals.
How MRI Indicator Works:
It highlights points where a market might be overextended and due for a reversal (either top or bottom).
MRI Top: Suggests the asset is overbought — possible sell opportunity.
MRI Bottom: Suggests the asset is oversold — possible buy opportunity.
It often counts candles in sequences (1–9, then 13) to identify exhaustion in trends.
Steps to Use MRI Indicator in Chart Analysis:
Choose a Charting Platform:
Use platforms like TradingView.
MRI is not built-in — you may need to:
Buy or subscribe to it from Tone Vays.
Or search for free/replica versions (try keywords like "TD Sequential", "Momentum Reversal").
Add MRI or TD Sequential to Your Chart:
Go to “Indicators”.
Search for "TD Sequential", "Sequential", or "Market Reversal".
Apply it to your chart.
Understand the Signals:
Look for 9 or 13 candle sequences.
A red 9 may signal a buy opportunity (bottom reversal).
A green 9 may signal a sell opportunity (top reversal).
Combine with Other Indicators:
Don’t rely solely on MRI.
Use in conjunction with volume, support/resistance, RSI, or MACD.
Backtest Before Trading:
Test how MRI performs on different assets and timeframes.
It’s more effective in trending markets than sideways markets.
Benefits of MRI Indicator in Charting:
Helps time market entries and exits.
Reduces emotional decision-making.
Identifies potential trend exhaustion early.
Useful in both short-term and long-term trading.#BinancePizza #BinanceAlpha$1.7MReward $BTC