super passband filter 2. 0
Info
The super passband filter 2. 0 is a Indicator for MetaTrader 5 that as described by john ehlers :deviation from the original is that different calculating periods are allowed (defaults are as he described, but any calculating periods are allowed)this indicator also has somewhat unusually big choice of prices - 22 types - you shall find their descriptive names in the drop down choice box for prices (they are self descriptive so there should not be a problem in recognizing what do they stand for)indicator is already having all the usual set of alerts and is multi time frame. addition of filled areas when the rms envelope is exited is added in order to help pinpoint (along with alerts) the moment when the break happens.
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 super passband filter 2. 0
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
as described by john ehlers :deviation from the original is that different calculating periods are allowed (defaults are as he described, but any calculating periods are allowed)this indicator also has somewhat unusually big choice of prices - 22 types - you shall find their descriptive names in the drop down choice box for prices (they are self descriptive so there should not be a problem in recognizing what do they stand for)indicator is already having all the usual set of alerts and is multi time frame.
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: Pivot Super Trend Indicator for MT5 - another powerful indicator for MetaTrader 5 traders.
as described by john ehlers :
deviation from the original is that different calculating periods are allowed (defaults are as he described, but any calculating periods are allowed)
Also recommended: supertrend indicator: atr-based trend following for metatrader 5 - similar indicator with strong performance on MetaTrader 5.
this indicator also has somewhat unusually big choice of prices - 22 types - you shall find their descriptive names in the drop down choice box for prices (they are self descriptive so there should not be a problem in recognizing what do they stand for)indicator is already having all the usual set of alerts and is multi time frame. addition of filled areas when the rms envelope is exited is added in order to help pinpoint (along with alerts) the moment when the break happens. some parameters experimenting is advised though - john ehlers usually tests his idea on commodities - where the volatility is significantly lower than in forex - and some adjustments to forex conditions are probably a sensible choice
You may also like: machine learning supertrend - 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.