The Cluster Filter Indicator is an advanced version of the moving average, designed based on the cluster filter algorithm for MetaTrader 4. By reducing moving average lag, it provides traders with a more accurate analysis of market trends.
This indicator allows traders to compare three moving averages: simple, exponential, and cluster filter, making it a powerful tool for analyzing price movements and market direction.
Cluster Filter Indicator Table
Below is the information related to the Cluster Filter Indicator.
Indicator Categories: | Signal & Forecast MT4 Indicators Trading Assist MT4 Indicators Moving Average MT4 Indicators |
Platforms: | MetaTrader 4 Indicators |
Trading Skills: | Intermediate |
Indicator Types: | Entry and Exit MT4 Indicators Trend MT4 Indicators Reversal MT4 Indicators |
Timeframe: | Multi-Timeframe MT4 Indicators |
Trading Style: | Day Trading MT4 Indicators Intraday MT4 Indicators Scalper MT4 Indicators |
Trading Instruments: | Share Stocks MT4 Indicators Indices Market MT4 Indicators Cryptocurrency MT4 Indicators Forex MT4 Indicators |
Cluster Filter Indicator at a Glance
The Cluster Filter Indicator is an advanced tool for technical analysis traders, providing three moving averages with the same period to identify market trends and analyze price movements.
This indicator displays the simple moving average in green, the exponential moving average in blue, and the cluster filter moving average in red. The red line acts as the trend signal line.
When moving averages cross each other, traders can interpret these crossovers as buy or sell signals.
Uptrend with Cluster Filter Indicator
On the 30-minute XAU/USD chart, the Cluster Filter Indicator is applied.
By detecting bullish trends and the crossover of SMA and EMA with the red cluster filter line, traders can confirm buy signals and enter long trades.
Downtrend with Cluster Filter Indicator
On the 30-minute GBP/USD chart, the bearish trend is clearly visible. The Cluster Filter Indicator shows three moving averages with different calculations.
When the price moves below the red cluster filter line and the moving averages cross downward, the market is considered bearish, signaling potential sell opportunities.
Cluster Filter Indicator Settings
Below are the settings of the Cluster Filter Indicator:
- MA Period: Define moving average calculation period
- Applied Price: Define calculation price base
Conclusion
The Cluster Filter Indicator is a professional tool for forex and crypto traders that identifies bullish and bearish market trends.
By eliminating moving average lag using the cluster filter algorithm, it calculates and displays three moving averages (SMA, EMA, Cluster Filter) on the chart.
Cluster Filter Indicator in MetaTrader 4 PDF
Cluster Filter Indicator in MetaTrader 4 PDF
Click to download Cluster Filter Indicator in MetaTrader 4 PDF
What is the Cluster Filter Indicator?
It is an advanced version of the moving average, designed with the cluster filter algorithm for MetaTrader 4, providing traders with more accurate market trend analysis.
What types of moving averages are included in this indicator?
The indicator provides three types of moving averages:
- Simple Moving Average (SMA) – green
- Exponential Moving Average (EMA) – blue
- Cluster Filter Moving Average – red (trend signal line)
