AIS Multi Trend Forecast MT5
This indicator considers the price movement as a collection of micro-trends. All micro-trends are analyzed and averaged, and based on the averaging is filtering the price movement.
IP_High and IP_Low (Blue and red dashed lines) show the instantaneous movement of the price. They show a forecast only for the current value of the price, taking into account only the number of bars, defined by parameter Filter level.
SP_High and SP_Low (Blue and red solid lines) smooth price movements due to the account history. Therefore, these lines represent a global trend in the behavior of prices.
- Filter level - parameter that specifies the number of bars on which the forecast is based. Valid values are 1 to 255. This parameter depends on the sensitivity of the indicator. What it is, the longer trends are taken into account in the indicator.
By selecting this option, the indicator can be achieved in three different modes:
- indicator oscillates about the true value price. This mode allows you to track changes in the trend of the market movements.
- LED is almost always higher than the price level.
- the indicator almost always below the level of prices.
The last two modes can be used in the breakdown of the strategies, as well as to establish the take-profit and stop-loss.
For the selection of the desired value Filter level, run the script Helper for parameter selection AIS-MTF MT5.
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