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Published:

2018.07.09 10:42

NEF.mq5 (9.96 KB) view

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Ehlers Filter with the non-linear distance calculation algorithm. The indicator allows tracking the common trend and trade in its direction. Unlike linear Ehlers Filter, it has a shorter delay and allows detecting the direction for entering and closing your positions more accurately.

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

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20979

Indicator Ehlers Filter

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NEF - indicator for MetaTrader 5