
Trend Filter Indicator
Platform: MT4 Type: Trend Last update: November 3, 2024The Trend Filter Indicator for MT4 is an oscillator, but it’s based on a filtered moving average. Its role is to provide whether the trend direction is bullish, bearish or flat.
Closer look on the Trend Filter Indicator
The Green colored line indicates the trend is going up and a trader should look for long trades. Conversely, the red colored line indicates the trend is going down and a trader should seek short trade opportunities. The yellow line means market indecision or flat market and a trader should wait for a start of a new trend and then trade accordingly.
Example charts
Check charts of the Trend Filter Indicator in action.
Settings
These are available settings. The default MA period filter is set to 9, but this value can be adjusted.
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