Description
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.
Summary
Key features include alert notifications (popup and sound) for trend reversals and optional entry arrows indicating bullish (▲) and bearish (▼) entry points. The indicator supports all timeframes and is applicable across various markets, including Forex, Indices, Metals, and Stocks. Users can customize parameters such as price type, smoothing period, and alert settings.
The entry strategy suggests entering long positions when the line transitions from red to yellow to blue, and short positions when it shifts from blue to yellow to red. Coral aims to provide clearer, timely trend signals to assist traders in identifying trend changes as they occur.
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