Slow Adaptive Trend Line (SATL)
Info
The Slow Adaptive Trend Line (SATL) is a Indicator for MetaTrader 5 that slow adaptive trend line (satl) is formed with the digital filter of the low frequency flf-2. The FLF-2 filter serves to suppress noises and market cycles with longer periods of oscillation.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
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 Slow Adaptive Trend Line (SATL)
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
Slow Adaptive Trend Line (SATL) is formed with the digital filter of the low frequency FLF-2.
Typical Use Case
This Indicator excels in trend following 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: xander adaptive cross: trend identification tool - another powerful indicator for MetaTrader 5 traders.
Slow Adaptive Trend Line (SATL) is formed with the digital filter of the low frequency FLF-2.Also recommended: heiken ashi indicator with adaptive moving average - similar indicator with strong performance on MetaTrader 5.
The FLF-2 filter serves to suppress noises and market cycles with longer periods of oscillation. Filters of low frequency FLF-1 and FLF-2 provide attenuation in the stop band with no less than 40 db and absolutely do not distort the amplitude and phase of entry discontinuous price series in the pass band (bandwidth).
These properties of the digital filters provide significantly improved noise suppression compared to other methods, which in turn allows for a sharp reduction in the probability of false buy and sell signals.
There are no analogues to SATL among widely known technical instruments. This is not a moving average, but rather an adaptive line estimate of a long-term trend.
Unlike other trend indicators, SATL has no phase delay with regard to current prices.
SATL Filter Coefficients
You may also like: fractal adaptive moving average (frama) - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 1
#property indicator_plots 1
#property indicator_type1 draw_line
#property indicator_color1 red
#property indicator_style1 style_solid
#property indicator_width1 2.......
⚠ 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.