The ACB Trade Filter indicator filters out unlikely trading signals in a trading strategy. The product uses a sophisticated filtering algorithm based on market sentiment and trends.
- It goes well with our other ACB Breakout Arrows indicator.
- Filters out the unlikely signals of any indicator.
- Avoids too frequent trades and minimizes losses.
- Trades in the direction of market sentiment.
- Copes well with volatility.
- Buy if the histogram is green and the trend is bullish.
- Sell if the histogram is red and the trend is bearish.
- Avoid trading if the histogram is gray or the price shows a sideways movement.
- History Bars: The number of bars on the chart to calculate.
- Filter mode: filter mode (Normal/Hard).
- Trend Detector: show/hide the direction of the trend.
- Trend_Corner: The angle of the chart to display the trend direction.
Use the following code to include the indicator in the Expert Advisor.