Madro Golden Filter
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Madro Golden Filter
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
This indicator gives us four signals to filtering 4 strategies:
Broken Trend:
Buy: 1 - Broking the Down Trend; 2 - Crossing of tow Exponential Moving Average: EMA9 Cross Up EMA30; 3 - Momentum value > 100. Sell: 1 - Broking the Up Trend; 2 - Crossing of tow Exponential Moving Average:EMA9 Cross Down EMA30; 3 - Momentum < 100.The lower one gives the momentum & the Arrows points to the crossing of 2MA:
Golden Trend:
Buy: 1 - Broking the Down Trend; 2 - Crossing of tow Moving Average: EMA5 Cross Up SMMA15 (Smooth); 3 - DeMarker value > 0.5 & Force Index >0. Sell: 1 - Broking the Up Trend; 2 - Crossing of tow Exponential Moving Average:EMA5 Cross Down SMMA15; 3 - DeMarker value < 0.5 & Force Index< 0.The Middle one gives the required signal & the Arrows points to the crossing of 2 MA:
Golden Cross:
Buy: 1 - Crossing of tow Exponential Moving Average: EMA5 Cross Up EMA15; 2 - RSI value > 50 & Crossing Up of MACD& Crossing Up of ADX. Sell: 1 - Crossing of tow Smooth Moving Average: EMA5 Cross Down EMA15; 2 - RSI value < 50 & Crossing Down of MACD& Crossing Down of ADX.The Upper one gives the required signal & the Arrows points to the crossing of 2 MA:
Golden Lines:
When the price passed a strong resistance or support we can get a good confirming signal for Buy or Sell by looking to the three signals of the indicator.
