Onisuk Filter
Info
The Onisuk Filter is a Indicator for MetaTrader 5 that this indicator offers three distinct filtering scenarios:power trendbuy signal:- ema 3 > ema 7- ema 7 > ema 50sell conditions are the opposite. Medium MA BounceBuy Signal:- EMA 20 > EMA 50- Low of the candlestick < EMA 20- Open of the candlestick > EMA 20- Close of the candlestick > EMA 20Sell conditions are the opposite.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Onisuk 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.
What this tool does
This indicator offers three distinct filtering scenarios:Power TrendBuy Signal:- EMA 3 > EMA 7- EMA 7 > EMA 50Sell conditions are the opposite.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Extreme Price Filter: Identify and Avoid Market Traps - another powerful indicator for MetaTrader 5 traders.
This indicator offers three distinct filtering scenarios:Also recommended: Adaptive Kalman Trend Filter Indicator - similar indicator with strong performance on MetaTrader 5.
Power Trend
Buy Signal:
- EMA 3 > EMA 7
- EMA 7 > EMA 50
Sell conditions are the opposite.
Medium MA Bounce
Buy Signal:
- EMA 20 > EMA 50
- Low of the candlestick < EMA 20
- Open of the candlestick > EMA 20
- Close of the candlestick > EMA 20
Sell conditions are the opposite.
Long MA Bounce
Buy Signal:
- EMA 20 > EMA 50
- Low of the candlestick < EMA 50
- Open of the candlestick > EMA 50
- Close of the candlestick > EMA 50
Sell conditions are the opposite.
The indicator features seventeen input parameters:
Use Scenario 1 "Power Trend"
- Scenario 1 Usage Switch (Yes/No)
Scenario 1, Period 1
- Scenario 1, Calculation Period of the First MA
Scenario 1, Method 1
- Scenario 1, Calculation Method of the First MA
Scenario 1, Period 2
- Scenario 1, Calculation Period of the Second MA
Scenario 1, Method 2
- Scenario 1, Calculation Method of the Second MA
Scenario 1, Period 3
- Scenario 1, Calculation Period of the Third MA
Scenario 1, Method 3
- Calculation Method of the Third MA
Use Scenario 2 "Medium MA Bounce"
- Scenario 2 Usage Switch (Yes/No)
Scenario 2, Period 1
- Scenario 2, Calculation Period of the First MA
Scenario 2, Method 1
- Scenario 2, Calculation Method of the First MA
Scenario 2, Period 2
- Scenario 2, Calculation Period of the Second MA
Scenario 2, Method 2
- Scenario 2, Calculation Method of the Second MA
Use Scenario 3 "Slow MA Bounce"
- Scenario 3 Usage Switch (Yes/No)
Scenario 3, Period 1
- Scenario 3, Calculation Period of the First MA
Scenario 3, Method 1
- Scenario 3, Calculation Method of the First MA
Scenario 3, Period 2
- Scenario 3, Calculation Period of the Second MA
Scenario 3, Method 2
- Scenario 3, Calculation Method of the Second MA
Fig.1 Filter, Scenario 1
Fig.2 Filter, Scenario 2
Fig.3 Filter, Scenario 3
You may also like: Adaptive Kalman Trend Filter with Regime Bands - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ 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.