The MTF Trend Scanner searches multiple timeframes to identify the outlook for that particular timeframe. The overall trend becomes stronger with confluence between the timeframes.
However, the individual timeframe can be used on their own. When the colour switches red/green for the first, that mean it's the start of a new trend for that particular timeframe. It'll stay in trend until it switches off (this doesn't mean price can't reverse the opposite way so just keep that in mind!)
Use the link below to obtain access to this indicator