The AFIRMA price movement trader indicator for Metatrader 5 tracks price movements for any currency pair and time frame with the help of a digital filter.
It works on a moving average with 4 digital filters to reduce the time lag.
AFIRMA for MT5 works similarly to the MT4 AFIRMA indicator (designed for the MT4 trading platform).
4 Digial price movement filters to choose from (indicator inputs):
Rectangular, Hanning, Hamming, Blackman and Blackman Harris.
How to interpret the AFIRMA MT5 indicator:
- The currency trend is considered bullish when the slope of the AFIRMA MT5 Forex indicator is going up.
- The currency trend is considered bearish when the slope of the AFIRMA MT5 Forex indicator is going down.
Use the indicator for scalping, day trading and swing trading on any pair or MT5 symbol of your preference.
Feel free to experiment with the indicator’s different digital filters and parameters.
Download This MT5 Forex Indicator Free
Download the “afirma-indicator.mq5” Metatrader 5 indicator
AFIRMA Price Movement Trader Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 5 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With AFIRMA Price Movement Trader Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: A new buy trade can be initiated when the slope of AFIRMA MT5 indicator is pointing upward.
Place a stop loss below the most recent support level, or use your own stop loss strategy.
Take profit at reward/risk 1:1 or use you own take profit strategy.
Sell Trigger: A new sell order can be initiated when the slope of AFIRMA MT5 indicator is pointing downward.
Place a stop loss above the most recent resistance level, or use your own stop loss strategy.
Take profit at reward/risk 1:1 or use you own take profit strategy.
Download This Forex Indicator Now
Download the “afirma-indicator.mq5” MT5 indicator
Adjustable Parameters
LF transmission, number of delay units, window index, horizontal shift, colors, width, style.
Usage
The indicator can’t be used as a stand-alone signals indicator.
Combine with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT5
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Installation
Copy and paste the indicator in the MT5 indicators data folder.
Then restart the MT5 terminal and attach it to any chart.