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Published:
2018.07.09 10:38
EF.mq5 (9.86 KB)view

Ehlers Filter. The indicator allows tracking the common trend and trade in its direction.

There are three adjustable parameters:

  • Period - calculation period
  • Momentum - momentum period
  • Applied price - calculation price

Calculation:

EF = SMA(PriceCoeff) / SMA(Coeff)

where

PriceCoeff[i] = Coeff[i] * Price[i] Coeff[i] = Abs(Price[i] - Price[i-Momentum]) Price -- Applied price

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/20978

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