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Three Pole Butterworth Filter - indicator for MetaTrader 5
- Published by:
- Nikolay Kositsin
- Views:
- 6816
- Rating:
- Published:
- 2011.11.28 10:40
- Updated:
- 2016.11.22 07:32
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Real author:
Witold Wozniak
Description:
Three pole Butterworth filter is used for smoothing in this moving average calculation algorithm. The filter is described in John Ehlers' book "Cybernetic Analysis for Stocks and Futures: Cutting-Edge DSP Technology to Improve Your Trading".
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/584
The indicator acts in a fully opposite way comparing to the adaptive moving averages during a trend market: in case of a definite trend, both indicator lines (Lead Sine and Sine Wave) move parallel to each other and show the trend direction by their location relative to each other; in case of a flat, the Sine Wave indicator quickly reacts on the market swing movements.
TwoPoleButterworthFilterTwo pole Butterworth filter is used for smoothing in this moving average calculation algorithm.
The indicator shows the current price in one of the chart corners.
Candles Smoothed HTFThe indicator that displays "averaged" candlesticks of a larger timeframe at a smaller one.