Onisuk Filter
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. 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 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.
Description & Settings
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
