Some our forum links to Momentum is here https://www.mql5.com/en/forum/176430
Some good popst about Waddah_Attar_Explosion indicator as a filter https://www.mql5.com/en/forum/176396/page4
RSIFilter_v1 indicator is here https://www.mql5.com/en/forum/172923/page2
(author is Igorad).
Keeplearning created some other indicators which may be a filters:
- Stochastic Filter;
- NONLAG Heiken Ashi.
And some other old indicator attached (just to remind).
FNCD Trading System
And it is about how to use this fncd indicators.
It may be a trading system (i just attached 'right' indicators to the chart), did not test it sorry.
BTW it is just an example.
And some more images.
all settings are default,
MaksiGen breakout (blue/red dotted lines) are for M30 timeframe (just switch the chart between timeframes and indicator will "catch" the 'right' breakout levels.
This is a great thread NewDigital. Thanks!
Unfortunately, I have no coding skills whatsever , but perhaps one of our many expert coders, might take a crack at coding an ADX filter. I use the standard Average Directional Movement Index with great success and have envisioned a more user friendly version to help in my trading decisions.
Two formats that would work are modeled after Igorad and CJA indicators.
The logic that I would implement using default ADX(14) setting is:
RED bar when ADX is above 20 and -DI is above +DI
LIGHT CORAL bar when ADX is below 20 and -DI is above +DI
BLUE bar when ADX is above 20 and +DI is above -DI
LIGHT BLUE bar when ADX is below 20 and +DI is above -DI
Here is a pic of Igorad and CJAs indicators to give you a an idea and I will also attach their indicators to use as templates for any one who wouldn't mind taking the time to apply for ADX as I have described above.
Thanks in advance,
Narrow Range Mq4 indicator
Copied from “Narrow Range Thread” . I'm trying to filter my signals and the best one's seem to have narrow range bars as the signal bar.
I trade 5minute cable looking for turning points. When prices are topping and I get a signal I sell 1 pip below the last closed bar.
When prices are bottoming and I get a signal I buy 1 pip above the last closed bar.
Like I say the best signals seem to have a narrow range but if someone has other suggestions please feel free to speak up.
Ideally the narrow range indicator would have a input value that can be adjusted.
Sorry newdigital, just found your filter thread. I should of posted there.
If I wasn't clear, I'm looking for a mq4 narrow range indicator.
I was abe to modify another inidicator to show the an ADX in Histogram Bars for.
Take a look:
adx bars smooozzzed
adx sm [cw] sw sig
+mtf adx smz sig