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vhf.mq5 (6.17 KB) view

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Real author:

LeMan

Vertical Horizontal Filter (VHF) shows, if there is a trend or a flat.

VHF was first described by Adam White in 1991.

There are three ways of VHF interprtation:

VHF values can be used to measure the prices direction. THe higher is VHF, the more stable is a trend.
VHF movement direction allows to determine, if there is a trend or a flat. VHF growth means the presence of a trend; VHF falling indicates possible flat.
It can be also used as the opposite opinion indicator. If VHF values are high - the probability of a future flat is high; if they are low - a new trend is near.

This indicator was first implemented in MQL4 and published in CodeBase at mql4.com 08.09.2009.

VHF

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/600

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