I am looking for an indicator I can use to filter out trades in the direction of the overall trend.

Something like the HLDaytrend here...








Most of the bar type trend filters I have found like the above changes too fast too quickly.

It would be great to use an overbought/oversold oscillator and only take trades in the pullbacks of a longer term trend.

Just by taking trades in only the direction of a higher time frame trend can be much more profitable but it is easy to forget this when visually backtesting a potential strategy.

Hi There,

Try this...

Using a 4hr chart with a nonlagma set to 50 and a hma set to 9.

Enclosed files...just change settings to suit.

Hope this is of help

Xard777

Attached Images

trend.jpg (122.9 KB, 806 views)

Attached Files

	X-NonLagMA.ex4 (8.7 KB, 204 views)
	X-HMA-8.ex4 (4.0 KB, 187 views)

Thanks xard777, just what I am looking for.

4 Hr CCI bar is also a good long term trend filter.

Attached Files

4Hr CCI Bar.mq4 (5.4 KB, 137 views)

İt looks like to me there is no clear concise entry-exit in this system.Thoose arrows have been put on randomly, please correct me f I am wrong.

Do you have the code for those two, I tried them and they hung MT4?

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try RSI or MA with bigger parameter to filter

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Forex Indicators Collection

Do you have the .mq4 files for these two files. Actually while changing the timeframe... the width of the lines revert back to Very thick lines. I just need to make the width to be 2 for both of them. That's all.

Thank you for making these available.

The HLtrigger indicator looks like a reverse fisher indicator which can be found on this forum or in S$C Magazine, youll have to do the searching.

Keit