The advanced trend filtering MT4 indicator is a momentum movement that shows the strength and direction of the market's underlying momentum.
Based on concepts from fractal geometry and wavelet theory, it depicts the major price waves. The blue line means long cycle has started and vice versa for the red line. Data from TrendFilter can be incorporated into any EA's calculation for entry or exit signals.
- Unique trend filtering that avoids whipsaws and uncertain market noise.
- Good for using in trailing stop, exit at end of market.
- Good for scalper trading.
- Very good on Renko charts.
- Without any repaints.
- Without any backpaints.
- Never recalculates.
- Compatible with Expert Advisor development.
- Cycle_Period - period of cycle calculation.
There are also some other options for chart color displaying and lines width and alerts (popup, notification, and email alerts).