Dual Trend Filter is a momentum-based trading indicator designed to clarify market direction and generate trading signals through advanced filtering and color-coded visual cues. It allows users to select from seven price calculation methods (Close, Open, High, Low, Median, Typical, Weighted) to tailor the indicator to their trading preferences. The tool smooths price fluctuations to reveal underlying trends, changes color intensity to indicate trend strength, and identifies trend beginnings and endings.
Key features include dynamic support and resistance levels marked by dots, arrows indicating potential trade entries, and price bar coloring aligned with trend direction. Sound alerts notify traders of market turns, configurable for upward, downward, or both movements, reducing the need for constant screen monitoring. The indicator aims to minimize false signals by alerting only on confirmed trend changes.
Dual Trend Filter supports multiple markets including Forex, stocks, indices, commodities, and cryptocurrencies. It is suitable for traders seeking a straightforward method to identify and follow strong trends, refine entry and exit points, and combine with other indicators for confirmation.