KT Trend Filter indicator
MT4/MT5

Features

• Get a bigger picture with an inbuilt MTF-Dashboard, which shows the trend direction in every timeframe.
• When implemented, it dramatically improves the performance of trend trading strategies.
• It shows the trend strength without any fuss.
• Avoid bad trades by staying out in the duration of uncertainty.
• It can be imported by an expert advisor with a simple code.
• All Metatrader alerts included.
  
  

What is Uptrend?

In an uptrend, the overall price movement of an asset is upward with consecutive higher swing highs and higher swing lows. A trend trading strategy typically only looks for long trades during an uptrend.

What is Downtrend?

In a downtrend, the overall price movement of an asset is downward with consecutive lower swing lows and lower swing highs. A trend trading strategy typically only looks for short trades during a downtrend.

What is Sideways trend?

In a sideways trend, the supply and demand are nearly in equilibrium. It usually occurs during consolidation before the price reverses into a new trend. A trend trading strategy usually avoids new positions during a sideways trend.

Advantages of KT Trend Filter Indicator

• It helps you to cut the losses early. It's recommended to close a trading position if the trend changes its direction to the opposite side.
• It helps to lower the cost of your transactions as trend following discourages high-frequency trading against the market trend.
• Price action setups are more effective if they align with the trend direction.
• It helps to catch the trends early.
• Trend following trading systems saves tons of time as it doesn't provide trading opportunities too often.