🐠 Coral Filter X Pro is a professional trend filter indicator for Forex trading based on the classic Coral Trend algorithm. Built with cascaded EMAs, it smooths price movement and provides a clear view of the market trend: bullish, bearish, or neutral.

The indicator offers a simple yet powerful trading framework:

• Color-coded Coral line (green = buy, red = sell, yellow = neutral).
• Trend-based bar coloring for quick visual confirmation.
• Buy/Sell arrows on price crossing the Coral line.
• Dashboard showing trend, slope, and parameters.
• Ready presets for scalping, swing trading, and long-term strategies.

📌 The main idea: filter out trades against the trend and simplify visual trend recognition.

⚙️ How It Works

• The Coral line is built through 3–6 cascaded EMAs for smooth filtering.
• The slope of the line is normalized via ATR or pip values to correctly measure trend strength.
• Trend classification:
• • Green = Uptrend (Bullish).
  • Red = Downtrend (Bearish).
  • Yellow = Neutral (Flat).
• Buy/Sell arrows appear when the price crosses the Coral in the trend direction.
• Dashboard displays the current trend, NormSlope value, and key settings.
  

🎯 How to Use in Trading

1. Trend filter
2. • Price above Coral → only consider Buy trades.
   • Price below Coral → only consider Sell trades.
   • Neutral zone → best to stay out.
2. Entry signals
3. • ▲ Buy signal → price crosses Coral upward.
   • ▼ Sell signal → price crosses Coral downward.
3. Combinations
4. • Works perfectly with oscillators (RSI, Stochastic) or candlestick patterns.
   • Can be used in algorithmic strategies: TrendState (-1/0/+1) and NormSlope are exposed as data series.
     

🔧 Settings Guide

Core Parameters

• Preset → ready-made modes:
• • Scalp → fast signals (Period 14, Order 3, Threshold 0.05).
  • Swing → universal mode (Period 34, Order 5, Threshold 0.10).
  • Long → trend-following mode (Period 100, Order 6, Threshold 0.15).
  • Custom → manual adjustment.
• Period → EMA smoothing period.
• Order → number of cascades (3–6). More cascades = smoother line.
• Neutral Threshold → sensitivity of slope calculation.
  

⚡ Additional Features

• Color Bars → candles painted in trend color.
• Arrow Signals →
• • By Trend (Classic) — only in trend direction.
  • All Crosses (Simple) — arrows on every price cross.
• Alerts → sound and screen notifications.
• Show Dashboard → display trend, NormSlope, and parameters on chart.
  

🌟 Benefits

 ✅ Clear visualization of trend (Up / Down / Flat).
✅ Ready-to-use presets for different trading styles.
✅ Filters out counter-trend trades.
✅ Buy/Sell arrows for precise entries.
✅ Flexible: suitable for scalping, swing, or long-term trading.
✅ Easy integration into bots and scanners.

🎯 Who It’s For

• Scalpers → quick filtering and fast signals.
• Intraday traders → clear structure of trends and entries.
• Swing traders → holding positions and identifying reversals.
• Beginner traders → simple, color-coded visual guidance.
• Algo traders → direct access to TrendState and NormSlope values.