This indicator considers the price movement as a set of micro-trends. All micro-trends are analyzed and averaged, and based on this averaging, the price movement is filtered.

IP_High and IP_Low (blue and red dashed lines) represent the instantaneous price movement. They show the forecast only for the current price values, taking into account only the number of bars determined by the Filter level parameter.

SP_High and SP_Low (blue and red solid lines) smooth out price movements by taking into account the background. Therefore, these lines represent more global trends in price behavior.

• Filter level-a parameter that sets the number of bars that the forecast is based on. Valid values are from 1 to 255. The sensitivity of the indicator depends on this parameter. The larger it is, the longer the trends will be taken into account in the indicator.

By selecting this parameter, the indicator can work in three different modes:

• the indicator oscillates around the true price value. In this mode, you can track changes in the trend movements of the market.
• the indicator is almost always above the price level.
• the indicator is almost always below the price level.

The last two modes can be used in breakout strategies, as well as for setting take profits and stop losses.

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To select the desired Filter level value, run the Helper for parameter selection AIS-MTF MT5 script.

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