The indicator 88 Filter is an effective tool that is used to find points of price reversal and add positions on corrections.
Forex indicator 88 Filter is a filter made in the form of a histogram. The intersection of histogram bars with set levels is most efficiently used to find price reversal zones.
The indicator 88 Filter also has a system of sound and text alerts.
Traders using the 88 Filter indicator in Forex trading recommend replacing the default level of 25 with 9 and watching the indicator signals on several M30-H4 timeframes at once.
Crossing level 9 will be a signal of a price reversal, crossing level 6 – intermediate price zigzags, which can be used to reenter the market on price corrections.
Features of 88 Filter MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In 88_filter.zip file you will find:
Download 88 Filter MT4 indicator for free: