The Super Passband Filter Indicator for Metatrader 5 is a technical oscillator that triggers easy-to-find entry and exit points.
The indicator consists of two colored bands with default periods set to 40.0 and 60.0 and green and orange colored buy and sell areas.
Open the inputs to change the two aforementioned band periods to whatever values of your preference.
A buy trigger occurs when the green area appears on the chart.
A sell trigger occurs when the orange area appears on the chart.
Make yourself familiar with this indicator and test it first on a demo account. It supports all time frames and Forex pairs.
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Super_Passband_Filter.mq5 indicator (MT5)
Chart Example
The following chart shows how the Super Passband Filter indicator looks when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Super Passband Filter Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal occurs when the green colored area appears on the chart.
- Open a buy trade and place the initial stop loss below swing support.
- Close the buy transaction as soon as a sell signal occurs on the chart.
Sell Signal
- A sell signal occurs when the orange colored area appears on the chart.
- Open a sell trade and place the initial stop loss above swing resistance.
- Close the sell transaction as soon as a buy signal occurs on the chart.
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Super_Passband_Filter.mq5 indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Super_Passband_Filter.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click on the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on the properties
- Now you can edit the inputs, colors, levels, scale, and visualization
- Finally, click the OK button to save the new configuration