Trade Filter 1 is a universal indicator for working on classic charts.
Depending on the settings, the indicator indicates the entry points to the market from zones to single bars. It can be used as a trend filter and to search for corrections.
The blue zones of the indicator indicate a possible price turn up, the red ones-down when setting up input filtering.
The moving average is a reference point for the average values of price impulses, being an additional factor for making decisions about entering a trade.
This indicator is a modification of the Trade Filter X indicator. It is recommended to use it in conjunction with other indicators in a trading strategy.
- per – the period of calculation of the indicator.
- ma – the period of the moving average.
- typebar-filtering by bar type (to indicate a down turn, only up bars are taken into account, up – down bars are taken into account).
- typeset-filtering by the location of price tags on a short history.
- sizebar-cancels the typebar filter if the bar is less than the value (in points).