🐠 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.
✅ Main Features:
- True Coral algorithm: linear IIR made from cascaded EMAs (order 3–6) for silky smoothing with minimal lag.
- Trend engine with normalized slope: classifies Up / Down / Neutral using slope normalized by ATR or pips; Neutral Threshold is adjustable (set to 0 to remove flat zone).
- Clean visual baseline: color-coded Coral dots along the price path (always plotted as points) for instant trend read.
- Price-action filter: above Coral → long-only, below Coral → short-only — simple, robust bias control.
- Arrow Signals (2 modes):
- By Trend (Classic): show signals only in the current trend direction.
- All Crosses (Simple): arrow on every price–Coral crossover.
- Color Bars: candles auto-tinted to match the trend state for rapid context.
- Dashboard HUD: symbol/TF, Period, Order, NormSlope, Trend, and Above/Below Coral status.
- Alerts: optional sound + on-screen notifications on new entries.
- Presets: ready profiles for Scalp / Swing / Long-term (tweak and save your own).
- Algo-ready outputs: public series TrendState (−1/0/+1) and NormSlope for cBots and scanners.
- Non-repainting logic: no future bars used; only the current bar can update.
- Lightweight & fast: optimized for multi-charts and all timeframes/symbols.
🎯 Perfect 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.
⚙️ How it works
- Coral line = 3–6 EMA cascades for smooth filtering.
- Slope is normalized (ATR or pips) to measure trend strength consistently.
- Color logic: Green = Uptrend, Red = Downtrend, Yellow = Neutral.
- Arrows appear intrabar on price–Coral cross (mode-dependent); alerts confirm on bar close.
- The Dashboard shows live trend, NormSlope, and key parameters.
🎯 How to use in trading
Trend filter:
- Price above Coral → consider Buy only.
- Price below Coral → consider Sell only.
- Neutral → best to stand aside.
Entry signals:
- ▲ Buy — price closes above Coral (confirmed by on-close alert).
- ▼ Sell — price closes below Coral (confirmed by on-close alert).
- Aggressive entries may use the intrabar arrows; conservative entries use the on-close alert.
Combinations: works great with RSI/Stochastic or candlestick patterns; plug TrendState/NormSlope into cBots for rules.
Coral Filter X Pro – Parameters Overview
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
- Show Dashboard → display trend, NormSlope, and parameters on chart.t history.
- 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.
