Madro Golden Filter Indicator
Info
The Madro Golden Filter Indicator is a Indicator for MetaTrader 4 that this indicator provides four distinct signals for filtering and executing trading strategies. Broken Trend:- Buy: 1 - Break of the Down Trend; 2 - EMA9 crosses above EMA30; 3 - Momentum value > 100.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Madro Golden Filter Indicator
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.
What this tool does
This indicator provides four distinct signals for filtering and executing trading strategies.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: Momentum deviation bands - another powerful indicator for MetaTrader 4 traders.
This indicator provides four distinct signals for filtering and executing trading strategies.Also recommended: NR T R - similar indicator with strong performance on MetaTrader 4.
Broken Trend:- Buy: 1 - Break of the Down Trend; 2 - EMA9 crosses above EMA30; 3 - Momentum value > 100.
- Sell: 1 - Break of the Up Trend; 2 - EMA9 crosses below EMA30; 3 - Momentum value < 100.
The lower indicator displays momentum, and arrows indicate the crossing of the two moving averages.
Golden Trend:
- Buy: 1 - Break of the Down Trend; 2 - EMA5 crosses above SMMA15 (Smooth); 3 - DeMarker value > 0.5 and Force Index > 0.
- Sell: 1 - Break of the Up Trend; 2 - EMA5 crosses below SMMA15; 3 - DeMarker value < 0.5 and Force Index < 0.
The middle indicator provides the necessary signal, and arrows mark the crossing of the two moving averages.
Golden Cross:
- Buy: 1 - EMA5 crosses above EMA15; 2 - RSI value > 50 and MACD, ADX both cross upwards.
- Sell: 1 - EMA5 crosses below EMA15; 2 - RSI value < 50 and MACD, ADX both cross downwards.
The upper indicator provides the required signal, and arrows indicate the crossing of the two moving averages.
Golden Lines:
After a price breakthrough of a strong resistance or support level, the indicator offers a reliable confirmation signal for buying or selling, based on the three signals it presents.
You may also like: Trend Envelopes Indicator - excellent alternative for indicator users on MetaTrader 4.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.