Some indicators which can be a filter to avoid big losses.
If you have a great idea so you need a filter. To avoid any trading in none-trading zone.
Please post your filters here.
And please find the filter ... let's say ... 4 in one: FATL, SATL, RSTL, RFTL.
In one indicator.
If the line is crossing 0 coming from 10 or from minus 10 - trading zone.
Any other types of lines are none-trading zones: horizontal one, or with min or max in the halfways to 0 or from/to 10 or minus 10.
In additional I fould the very good software. You may create any filter you want for MT4 (mql4 code), for MT3 (mql2), for MetaStock and for Omega ProSuite. Anyone. Anything. Very good program but in russian language.
I sent a request to the author asking him to translate it.
Because of very good.
Yes. They did it.
Thanks Sergey Iljukhin (Sergey, Novosibirsk),
Keny (Oleg, Krasnoyarsk),
Goodman (Moscow) and
for the very good software which you may download from the respective area.
This soft is in english with the help file in english language as well (created by the people from Syberia).
Did you be in Siberia?
No. I did not. Not yet. Not now.
But they are playing forex!
The indicator of Demark (DeMarker).
It is standard indicator for MetaTrader.
This indicator is based on the comparison of the period maximum with the previous period maximum. The received maxima are summarized. The indicator of Demark is intended for revealing the areas with high and low risk for purchase (sale). It registers the areas of price exhaustion, which usually coincide with price peaks and hollows. The indicator changes from 0 up to 1. When the indicator falls below 0.3, the turn of the prices upwards is expected. When the parameter of the indicator rises above 0.7, the turn of the prices downwards is expected.
Digital filter indicator (4 in 1):
FATL, SATL, RFTL, RSTL in one indicator with standard non-changeable settings.
Similar with above mentioned indicator.
As to me so I'd like this one more.
Just attach to the chart and see that it is better one
In download area we posted the software to generate any digital filter.
But if you prefer to use metatrader to do everything we have the special indicator for that case.
To use this indicator you must copy DF.dll file to "libraries" folder and make sure availability of Bdsp.dll, lapack.dll, mkl_support.dll in C:\Windows\System32\ folder or or in \experts\libraries\. Check "Allow DLL import" and "Confirm DLL function's call" in Options->Expert Advisors.
Description of the parameters (settings) of the indicator:
1. Filter type
2. Some extra conditions
Description of the other settings you may find at Discussion Area > General Discussion > Digital Filters
Part 1 of 2.
Part 2 of 2
of the above mentioned indicator
Zigzag indicator is the good filter as well.
Although, zigzag indicators are not forecasting the movement of the price and do not showing any line in the charts based on real movement data.
But anyway zigzag is the filter.