ACB Trade Filter MT5
- Indikatoren
- KEENBASE SOFTWARE SOLUTIONS
- Version: 1.5
- Aktualisiert: 17 Februar 2022
- Aktivierungen: 5
ACB Trade Filter indicator provides a way to filtering out the low probability trading entries in a trading strategy. The indicator uses a sophisticated filtration algorithm based on the market sentiment and trend. The MT4 version of the same indicator is available here ACB Trade Filter MT4
Applications
- Works great with our indicator ACB Breakout Arrows MT5
- Filter out low probability signals from any indicator.
- Avoid over-trading and minimize the losses.
- Trade in the direction of market sentiment and trend.
- Avoid the choppiness in the market.
How to use
- Only Long Positions if Histogram is green and Trend is bullish.
- Only Short Trades if Histogram is red and Trend is bearish.
- Avoid trading if the Histogram is gray or Trend is sideways.
Input Parameters
- History Bars: The no. of bars on the chart to consider for indicator's data and calculation.
- Filter mode: Normal filtration or Hard filtration.
- Trend Detector: Show/Hide the trend direction.
- Rest of the inputs are self-explanatory.
For EA developers
// Define Arrays double Green_Histogram[]; double Red_Histogram[]; double Gray_Histogram[]; double Trend_Direction[]; // Define indicator handle int Trade_Filter_Handle = iCustom(Symbol(),PERIOD_CURRENT,"Market/ACB Trade Filter"); // Copy buffer into arrays ArraySetAsSeries(Green_Histogram,true); ArraySetAsSeries(Red_Histogram,true); ArraySetAsSeries(Gray_Histogram,true); ArraySetAsSeries(Trend_Direction,true); CopyBuffer(Trade_Filter_Handle,0,1,1,Green_Histogram); CopyBuffer(Trade_Filter_Handle,1,1,1,Red_Histogram); CopyBuffer(Trade_Filter_Handle,2,1,1,Gray_Histogram); CopyBuffer(Trade_Filter_Handle,3,1,1,Trend_Direction); // Reading Histogram color if(Green_Histogram[0]==1.5) // Histogram is green if(Red_Histogram[0]==1.5) // Histogram is red if(Gray_Histogram[0]==1.5) // Histogram is gray // Reading trend direction if(Trend_Direction[0]==1) // Trend is bullish if(Trend_Direction[0]==-1) // Trend is bearish if(Trend_Direction[0]==0) // Trend is sideway