The Roofing Filter - indicator for MetaTrader 5
- Published by:
- Andrei Novichkov
- 2022.11.23 17:06
The Roofing Filter Indicator was created by John Ehlers ("Cycle Analytics for Traders" pg. 80 - 82). When the indicator crosses over its signal then it is a short term uptrend and when it crosses below its signal then it is a short term downtrend. Buy when the indicator line is green and sell when the indicator line turns red.
This indicator shows trend line and channels using the BSI Indicator. Original work of https://www.mql5.com/en/code/13615Daily Profit Function
A simple and easy to understand function that calculates todays profit, written to the Expert Journal.