Instantaneous_TrendFilter - MetaTrader 5 Script - MT4/MT5 Resource
Luis Guilherme Damiani
MA-based trend filter in the form of a colored cloud.
The indicator was originally written in MQL4 and first published in the code base of mql4.com on January 22, 2008.
Figure 1. Instantaneous_TrendFilter indicator
Attachment download
📎 instantaneous_trendfilter.mq5 (5.07 KB)
Source: MQL5 #1990
Instantaneous_TrendFilter - MetaTrader 5 script usage and filtering suggestions
Instantaneous_TrendFilter - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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