Nebula Range Filter Pro is a trend filter indicator designed for the cTrader platform, aimed at helping traders identify clear bullish and bearish market phases by filtering out market noise. It combines a baseline moving average with an adaptive range filter to create a dynamic channel around the price. The trend remains stable while price stays within this channel; a breakout signals a trend reversal, indicated by a color change—green for bullish and red for bearish phases. The indicator also offers optional candlestick coloring based on trend direction for enhanced chart clarity.
Key features include two modes for setting the range size—an ATR-based adaptive mode and a fixed pips mode—visual trend signals, optional channel display, customizable bar coloring styles, separate options for coloring bullish or bearish bars, trend change alerts with confirmation options, and flip markers at reversal points.
The indicator supports multiple markets including Forex, indices, commodities, cryptocurrencies, and stocks. It is suitable for scalpers, intraday traders, swing traders, and algorithmic traders who rely on trend signals for entries. Nebula Range Filter Pro aims to provide a clear chart with reliable trend signals and reduced false alerts through its noise filtering approach.