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ACB Trade Filter MT4

The ACB Trade Filter indicator provides a solution for filtering out the low probability trading setups in a trading strategy. The indicator uses a sophisticated filtration algorithm based on the market sentiment and trend.


Applications

  • Works great with our indicator "ACB Breakout Arrows".
  • Filter out low probability signals from any indicator.
  • Avoid overtrading and minimize the losses.
  • Trade in the direction of market sentiment and trend.
  • Avoid the choppiness in the market.


How to use

  • Only Long Trades 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.
  • Trend_Corner: Chart corner to display the trend direction.


For EA developers

Use the following code to import this indicator into your EA.

#define val 1.5 

// Reading the histogram

if(iCustom(NULL,0,"Market/ACB Trade Filter",0,1)==val) // Histogram is green
if(iCustom(NULL,0,"Market/ACB Trade Filter",1,1)==val) // Histogram is red
if(iCustom(NULL,0,"Market/ACB Trade Filter",2,1)==val) // Histogram is gray

// Reading the trend direction

if(iCustom(NULL,0,"Market/ACB Trade Filter",3,1)==1) // Trend is bullish
if(iCustom(NULL,0,"Market/ACB Trade Filter",3,1)==-1) // Trend is Bearish
if(iCustom(NULL,0,"Market/ACB Trade Filter",3,1)==0) // Trend is Sideways


laser300
168
2017.09.19 07:18 
 

Если сравнивать с многими индикаторами то 5+

Разработчику спс.

MLDCRED
34
2017.09.18 12:15 
 

A must have indicator to filter out bad signals from any entry indicator specially the ACB Breakout Arrows.

Lorraine Pierce
2493
2017.08.06 16:56 
 

Fantastic trade filter. I combine it with my breakout indicator with support resistance and keeps me out of sideways or wrong direction. Thank you!

virtuado
26
2017.07.31 13:28 
 

Great indicator, and together with acb breakout arrows a profitable combination.

Good support aswell!

alberto1C
46
2017.04.19 14:56 
 

Amazing results when combined with ACB Breakout Arrows.

riyan.aulia
255
2017.04.15 04:16 
 

set on hard filter and follow the rule.

Version 2.0 - 2017.05.19
- The trend is now accessible through indicator's buffer.
- Possible to change the location(corner) of trend information.
- Added alerts to notify a change in the trend direction.