ACB Trade Filter Indicator MT4 | MT5

ACB Trade Filter indicator provides a solution for filtering out the low probability trading setups in a trading strategy. This indicator uses a sophisticated filtration algorithm based on the market sentiment and trend.

Applications

• Works great with our entry indicator ACB Breakout Arrows.
• Filter out low probability signals from any entry based indicator.
• Avoid overtrading and minimise the losses.
• Trade in the direction of market sentiment and trend.
• Avoid the market choppiness.

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

MQL4:
#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