Super Passband Filter 2.0 indicator for MetaTrader 5
Super Passband Filter 2.0 indicator for the MetaTrader 5 terminal is based on the John Eulers band oscillator, whose task is to reduce the delay. To do this, the indicator filters low and high frequencies to eliminate price noise in the final signal.
For this purpose in the Super Passband Filter 2.0 indicator two EMAs are used, trigger points are added oscillator and RMS cyclic envelopes above the signal line.
Super Passband Filter 2.0 indicator signals
- signal to buy - when the band crosses the envelope upwards;
- signal to sell - when the band crosses the envelope downwards.
The Super Passband Filter 2.0 indicator has a number of advantages:
- the possibility to set any calculation period for the EMA;
- the ability to choose from 22 types of prices;
- filling in the areas where the RMS envelope is output helps to determine the moment when the breakthrough occurs;
- implementation of the MTF function;
- alert system.
Note, the John Ehlers principle implemented in Super Passband Filter 2.0 indicator, was originally conceived for trading on the stock exchange. For profitable trading on foreign exchange market it is advisable to experiment with the indicator settings.
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