🐠 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
- Trend filter
- Price above Coral → only consider Buy trades.
- Price below Coral → only consider Sell trades.
- Neutral zone → best to stay out.
- Entry signals
- ▲ Buy signal → price crosses Coral upward.
- ▼ Sell signal → price crosses Coral downward.
- Combinations
- 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.
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