The ACB Trade Filter indicator provides a solution for filtering out the low probability trading setups in a trading strategy. The indicator uses a sophisticated filtration algorithm based on the market sentiment and trend.
Applications
- Works great with our indicator " ACB Breakout Arrows ".
- Filter out low probability signals from any indicator.
- Avoid overtrading and minimize the losses.
- Trade in the direction of market sentiment and trend.
- Avoid the choppiness in the market.
How to use
- Only Long Trades if Histogram is green and Trend is bullish .
- Only Short Trades if Histogram is red and Trend is bearish .
- Avoid trading if the Histogram is gray or Trend is sideways .
Input Parameters
- History Bars: The no. of bars on the chart to consider for indicator's data and calculation.
- Filter mode: Normal filtration or Hard filtration.
- Trend Detector: Show/Hide the trend direction.
- Trend_Corner: Chart corner to display the trend direction.
For EA developers
Use the following code to import this indicator into your EA.
#define val 1.5 // Reading the histogram if(iCustom(NULL,0,"Market/ACB Trade Filter",0,1)==val) // Histogram is green if(iCustom(NULL,0,"Market/ACB Trade Filter",1,1)==val) // Histogram is red if(iCustom(NULL,0,"Market/ACB Trade Filter",2,1)==val) // Histogram is gray // Reading the trend direction if(iCustom(NULL,0,"Market/ACB Trade Filter",3,1)==1) // Trend is bullish if(iCustom(NULL,0,"Market/ACB Trade Filter",3,1)==-1) // Trend is Bearish if(iCustom(NULL,0,"Market/ACB Trade Filter",3,1)==0) // Trend is Sideways
