TheDecisive

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

Disclaimer

This indicator is provided for informational and educational purposes only. It does not constitute financial advice. Trading financial markets involves substantial risk of loss. Past performance does not guarantee future results. The author assumes no responsibility for any trading losses incurred through the use of this indicator.
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