Cluster Filter Price Indicator

Cluster Filter Price Indicator

Cluster Filter Price Indicator For MT4 removes the lag associated with moving averages. Best moving average bullish and bearish forex trading signals.

The Cluster filter price indicator for MT4 uses a cluster filter algorithm to reduce the lag associated with moving averages. As a result, forex traders can easily identify the trend direction. Furthermore, the trading signals are much better than the trading signals of most moving average indicators.

The cluster filter is not to filter already known data of the past, example using past closing prices determine the moving average values. But, it calculates in real time a probable smoothed value of the new data. As a result, it avoids the lag or delay in trend identification by a moving average.

The indicator is easy to use for new and advanced forex traders. Furthermore, it works on all chart time frames and is suitable for all types of traders.

Cluster Filter Price Indicator For MT4 Trading Signals

The indicator plots the moving average lines on the price chart in a blue and red color. Traders can change the Moving Average period according to their trading preferences. In the above example the moving average period is set at 21.

Scalpers can change the moving average period to 2 in a desired intraday chart time frame. However, traders can increase the period to 5,7 ,10, 14, 21 to accommodate for short and long-term trading strategies.

The trading strategy is based on the crossover of the indicator lines. Traders can enter a buy trade if the green line crosses the red line upwards. And place a stop loss below the previous swing low and book profits at an opposite crossover.

Traders can use a similar trading strategy in the bearish trend if the green line crosses the red line downwards.

Conclusion
In summary, the Cluster Filter Price indicator for MT4 provides result oriented trading signals as it has reduced lag.