TheDecisive
- Indicators
- Version: 1.0
- Activations: 5
The Decisive is a professional trend filter indicator designed to provide clear buy and sell signals at optimal market turning points.
Overview
The indicator applies a smart filtering mechanism that tracks price action and identifies decisive reversal points. When the trend changes, the indicator generates a clear visual signal: a green upward arrow for BUY entries and a red downward arrow for SELL entries. The signals appear directly on the chart, making it easy to identify trading opportunities at a glance.Key Features
- Smart trend filtering technology that adapts to market conditions
- Clear BUY (green arrow) and SELL (red arrow) signals on the chart
- Separate sensitivity settings for buy and sell signals
- Sound alerts for new signals on the latest bar
- Customizable arrow codes and visual settings
- Works on all timeframes and instruments
How It Works
The indicator uses a proprietary filter algorithm based on price volatility to determine the prevailing trend direction. It then identifies the exact moment when the trend reverses, generating a signal at the optimal entry point. The filter adapts to market volatility, providing reliable signals in both trending and ranging markets.Input Parameters
- Range Period Filter (default: 20) - Period for the main trend filter
- Range Qty Filter (default: 3.5) - Multiplier for the main filter sensitivity
- Use Separate Sensitivity (default: true) - Enable independent settings for buy and sell signals
- Buy Period / Sell Period (default: 20) - Separate periods for each signal type
- Buy Qty / Sell Qty (default: 3.5) - Separate multipliers for each signal type
- Arrow Code Buy / Sell (default: 233/234) - Customize the arrow symbols
- Max Bars (default: 5000) - Maximum bars to process for performance optimization
- Signals on Closed Bar (default: true) - Generate signals only on completed bars
- Enable Sound Alert (default: true) - Audio notifications for new signals
- Alert Sound File (default: "alert.wav") - Custom sound file for alerts
Recommended Usage
- Best suited for trending markets across all major currency pairs
- Works on any timeframe from M1 to MN1
- Can be combined with other indicators for confirmation
- Perfect for swing trading and day trading strategies
