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Fibo Trend Filtered MT5

The indicator tracks the predicted changes in the trend direction using relative changes in the price range. Filtering is added to filter out possible noise fluctuations of the price. The increase / decrease of values above / below zero are displayed as a histogram in different colors. The default settings are selected for the hourly chart. Change/slowdown/correction of the trend likely under: 
1. The intersection of the zero level

2. Color change


Parameters

  • Main period - the main period of calculation
  • Used price - the price used
  • Filter period - filtration period
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