VFilter

Although this script is inspired by the design of Elder Impulse script created by LazyBear, the engine is not the same.

The goal of this indicator is to filter price movement, establish direction, and manage risk. This indicator is not be used on its own, its only to be used to help establish entrys and exits.

The signals are created using a privately developed moving average on multiple time frames.

HOW TO

15, 60, 120, or 240 min chart

Green = Buy signal
Red = Sell signal

Blue = Bullish consolidation, or an aggressive/riskier buy signal
Yellow = Bearish consolidation. or an aggressive/riskier sell signal

Adjustment value is high due to the nature of the moving averages. Try using 400, 700, 900, or 950 for best results.

I suggest using this indicator with MACD and a levels indicator for price targets.