Aroon Filter oscillator is based on Aroon indicator and is a modified Aroon Horn oscillator – the ratio to the calculation period has been removed.
The indicator displays a trend direction filtering minor fluctuations.
It features two adjustable parameters
- Period – Aroon calculation period
- Filter – filter size
AF = Up – Dn
Up = 100.0 * (Period-MaxBar+index) / Period Dn = 100.0 * (Period-MinBar+index) / Period MaxBar, MinBar – High and Low prices index in the Period range index – current bar index
A bullish trend is displayed in green
A bearish trend is displayed in red
Sorted out values are displayed in gray
MT5 Indicators – Download Instructions
Aroon Filter MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
Aroon Filter MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
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How to install Aroon Filter MT5 Indicator.mq5?
- Download Aroon Filter MT5 Indicator.mq5
- Copy Aroon Filter MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Aroon Filter MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Aroon Filter MT5 Indicator.mq4 is available on your Chart
How to remove Aroon Filter MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download: