Braid Filter Indicator for MetaTrader 5 – Free Download [TradingFinder]

The Braid Filter indicator in the MetaTrader 5 platform is designed to detect price trends and eliminate weak signals. This trading tool, by combining multiple moving averages and an intelligent filter, displays market direction changes with high accuracy.

The colored histogram, together with the blue line, identifies valid zones for entering buy and sell trades.

Braid Filter Indicator Table

The specifications of the Braid Filter indicator are shown in the table below:

Braid Filter Indicator at a Glance

In the histogram of the Braid Filter indicator, a blue horizontal line acts as the central filter, defining the boundary between valid and invalid trading zones.

The position of the colored bars relative to this line plays a decisive role in trading decisions:

• Green bars above the line indicate buyer dominance and entry of price into a tradable bullish zone;
• If red bars stabilize below the filter line, continued selling pressure is confirmed, and this situation is considered a suitable entry for a sell position.

Indicator in an Uptrend

The price chart below shows the NIKKEI index on the 4-hour timeframe. In this oscillator, the gradual growth of green histogram bars indicates the strengthening of the bullish trend and increased buying pressure in the market.

When these bars stabilize above the blue filter line, a highly reliable trading zone is formed, representing a buy-entry area.

Indicator in a Downtrend

The price chart below shows the Dogecoin index (DOGE/USD) on the 5-minute timeframe.

The increase in the height of red histogram bars in this trading tool indicates growing selling power and reinforcement of the bearish trend in the market.

If the bars stabilize below the blue filter line, a valid zone for entering a sell position is formed, showing the continuation of the bearish trend.

Braid Filter Indicator Settings

The image below shows the details of the settings panel of the Braid Filter indicator in the MetaTrader 5 platform:

• MaPeriod1: Period of the first moving average
• MaPeriod2: Period of the second moving average
• MaPeriod3: Period of the third moving average
• AtrPeriod: ATR calculation period
• PipsMinSepPercent: Minimum percentage distance between lines for signal validity
• ModeMA: Moving average
• Alert: Enable sound alert
• EMAIL: Send alert to email
• Notification: Send an alert to the mobile
• MESSAGE TIMEOUT: Interval time between alerts
• MESSAGE SUBJECT: Alert message title

Conclusion

The Braid Filter oscillator is one of the technical analysis tools used to identify market trends and strong movements while filtering out weak signals.

This indicator, by combining multiple moving averages, a colored histogram (green and red), and a blue filter line, defines suitable entry and exit zones for trades.