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