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Hodrick-Prescott Channel - indicator for MetaTrader 5

Victor | English Русский 中文 Español Deutsch 日本語 Português

votes: 26
2010.09.22 10:24
2016.11.22 07:32

The indicator plots a price channel using the Hodrick-Prescott Filter.

The first step is to calculate the smoothed values of Close prices. After that it smoothed again with higher smoothing period. As a result we will have HP and HPSlow. On the next step we calculate the standard deviation HP relative to HPSlow and construct the channel.

The indicator prints the ratio of a full channel width to HPSlow[0], presented in percents. This text can be easily moved at any place on the chart - just drag it with double mouse click and move.

We have used the HPF (Hodrick-Prescott Filter) function from for smoothing.

Indicator input parameters:

  • HP Fast Period – smoothing period of the HP;
  • HP Slow Period - smoothing period of the HPSlow.

Hodrick-Prescott Channel

Translated from Russian by MetaQuotes Software Corp.
Original code:

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