• Fri. May 14th, 2021

DadForex

All about Forex trading

MT4 Indicator 88 Filter: an Effective Filter for Trading Strategies

The indicator 88 Filter is an effective tool that is used to find points of price reversal and add positions on corrections.

88 Filter MT4 indicator

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:

  • 88_filter.ex4

Download 88 Filter MT4 indicator for free: