The Problem
Standard moving averages lag. By the time they signal a trend change, half the move is already over. You need something faster—something that catches reversals as they happen, not bars later.
The Solution
Coral uses a sophisticated 6-stage IIR (Infinite Impulse Response) filter to deliver ultra-smooth trend signals with minimal lag. The color-coded line shows you exactly when trends shift: blue for uptrends, red for downtrends, and yellow signal points at the exact reversal moment.
Key Features
- 6-Stage IIR Filter: Advanced smoothing algorithm based on six consecutive EMA stages for cleaner signals
- Color-Coded Trends: Blue line for rising trends, red line for falling trends—visual clarity at a glance
- Yellow Signal Points: Yellow dots mark the exact moment trend direction reverses
- Alert Notifications: Get popup and sound alerts when trend reversals occur
- Entry Arrows: Optional arrow symbols mark bullish (▲) and bearish (▼) entry points
How It Works
Coral applies a 6-stage exponential smoothing filter to price data, then calculates the slope to detect trend direction. When the slope changes from negative to positive, a bullish reversal is signaled. When positive to negative, a bearish reversal is signaled. The discontinuous line rendering creates clean, segmented trend visualization.
Entry Strategy
- Long Entry: Red → Yellow → Blue (enter when blue line appears after yellow signal)
- Short Entry: Blue → Yellow → Red (enter when red line appears after yellow signal)
Parameters
- Price Type: Price source for calculation (default: Close)
- Period: Smoothing period (default: 34) — higher values = more smoothing
- Enable Alerts: Popup notifications when reversals occur
- Enable Sound: Sound alerts for signal changes
- Show Arrows: Display arrow symbols at reversal points
Requirements
- Timeframe: All timeframes supported
- Symbols: Forex, Indices, Metals, Stocks
- Account Type: Any
Risk Warning
Trading involves risk. Past performance does not guarantee future results. This indicator provides signals only—proper risk management is your responsibility.
