AFStar Indicator for MetaTrader 5 Download – Free – [Trading Finder]

The AF Star Indicator (AFStar) was developed to identify optimal market entry and exit points in MetaTrader 5. This trading tool issues buy and sell signals using a combination of multiple moving averages and Williams indicators.

The AFStar Indicator can also identify ideal trade entry points in various markets, including Forex, cryptocurrencies, stock indices, and commodities.

AF Star Indicator (Adaptive Filter Star) Specification Table

The specifications and features of the AFStar indicator are presented in the table below.

AFStar Indicator at a Glance

The AF Star Indicator functions similarly to signal filters and generates signals only when trend and momentum align. It visually represents buy signals in blue and sell signals in orange on the chart.

Buy Signal

An example of the AFStar Indicator’s performance can be seen on the Ripple (XRP) cryptocurrency chart in the 5-minute timeframe.

According to the chart, the indicator issued a buy entry signal as a blue arrow at a very optimal point.

Sell Signal Entry

According to the EUR/USD currency pair chart in the 1-hour timeframe, the AF Star Indicator successfully identified a trend reversal and issued a sell signal.

In such cases, the trader can maintain the sell position until a new buy signal appears.

AF Star Indicator Settings

The following are the configurable parameters of the AF Star Indicator (Adaptive Filter Star):

• StartFast: Fast filter parameter
• EndFast: End of the fast filter range
• StartSlow: Slow filter parameter
• EndSlow: End of the slow filter range
• StepPeriod: Number of periods per step
• StartRisk: Initial value for the risk factor
• EndRisk: End of the risk factor range
• StepRisk: Step size for increasing the risk factor during analysis
• AllBars: Number of historical candles used for calculations

Conclusion

The AF Star Indicator (Adaptive Filter Star) generates trading signals by applying adaptive filters and analyzing changes in market trend direction.

This tool can also effectively complement technical and fundamental analysis, enhancing analyticalprecision and reducing trading risks.