MA Precision Filter

1.What is MA Precision Filter indicator?

• The "MA Precision Filter" is a technical trading indicator designed to enhance decision-making in trading by filtering out market noise and reducing lag. 
• It functions by isolating significant price movements from the spectrum, calculating the Root Mean Square (RMS) of these movements, and using these RMS values to define signal thresholds.
• This indicator is beneficial in minimizing false alerts, particularly in volatile or noisy markets, and can be used across various time frames and symbols. It also supports automated trading features like alerts through pop-ups, push notifications, or emails.
• Key features of the MA Precision Filter indicator include:
• Reduces lag effectively so the alerts are usually at the market tops and bottoms. 
• Removes market noise. Especially on smaller timeframes, the market noise usually makes regular indicators give false alerts, but not this indicator. It seldom gives false alerts
• Determines accurate entries: bullish alert when the indicator line crosses above the -RMS line, and bearish alert when the indicator crosses below the +RMS line
• Helps identify profitable exit: when the indicator line reaches the other RMS line

2.Indicator settings:

Please note that there are 2 parts to this product: MA Precision Filter Pro and MA Precision Filter Sub. Please add them both from your Invite-only scripts.

MA Precision Filter Pro

• Timeframe: the timeframe for the indicator to calculate. The indicator is capable to give signals based on a timeframe different from the current chart (for instance, your chart is hourly, but you want the indicator signals based on daily price actions).
• Period 1: the number of candles in the calculation of the “lower period MA” in the algorithm of this indicator.
• Period 2: the number of candles in the calculation of the “higher period MA” in the algorithm of this indicator. 
• Calculation count: the number of candles in the calculation of the RMS bands in MA Precision Filter Sub.
• Price to use: the type of price value in the inputs (Open/High/Low/Close, etc.)
• ATR period for SL Shift: the timeframe used to calculate the Average True Range for adjusting stop loss levels.
• SL shift coefficient (from ATR): a multiplier used with the ATR value to adjust stop loss levels according to market volatility.
• TP coefficient (from SL): a multiplier determining the Take Profit level relative to the Stop Loss distance.
• Various color settings: choose your favorite colors for the indicator display.

MA Precision Filter Sub

• Timeframe: the timeframe for the indicator to calculate. The indicator is capable to give signals based on a timeframe different from the current chart (for instance, your chart is hourly, but you want the indicator signals based on daily price actions).
• Period 1: the number of candles in the calculation of the “lower period MA” in the algorithm of this indicator.
• Period 2: the number of candles in the calculation of the “higher period MA” in the algorithm of this indicator. 
• Calculation count: the number of candles in the calculation of the RMS bands in MA Precision Filter Sub.
• Price to use: the type of price value in the inputs (Open/High/Low/Close, etc.)
• Various color settings: choose your favorite colors for the indicator display.

3. Alert set-up:

To stay updated on potential trading opportunities, you can set up alerts within the Logic Trendline indicator. (Please note that MA Precision Filter Sub does not have signal alert function.) 

Step 1: From the indicator settings, customize your alerts by defining your desired parameters for buy and sell signals. The selected configurations will be used for notifications in Step 2.

Step 2: To receive notifications through the app, pop-ups, alert emails, Webhook URL, sound alerts, or email-to-SMS, enable these features by clicking on TradingView's Alert icon.

Step 3: Select “MA Precision Filter Pro” and “Any alert() function call” from the “Condition” dropdown list.

Step 4: A pop-up will appear as follows. Click on “Notifications”. Choose the types of notifications you'd like to receive, and click the “Create” button.