onisuk filter
Info
The onisuk filter is a Indicator for MetaTrader 5 that it has three filtering scenarios:power trend(strong trend)buy signal: ema 3 > ema 7; ema 7 > ema 50. sell conditions are 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
it has three filtering scenarios:power trend(strong trend)buy signal: ema 3 > ema 7; ema 7 > ema 50.
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: Alpha Beta Trend Filter with Multi-Timeframe Matrix Dashboard - another powerful indicator for MetaTrader 5 traders.
Also recommended: institutional kalman filter: dynamic true price estimation - similar indicator with strong performance on MetaTrader 5.
it has three filtering scenarios:power trend
(strong trend)
buy signal:
ema 3 > ema 7;
ema 7 > ema 50.
sell conditions are opposite.
medium ma bounce
(medium moving average 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 opposite.
long ma bounce
(long moving average 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 opposite.
the indicator has 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 periodof 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: macd institutional: high-volume activity filter - 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.