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2011.12.07 14:49
Indicators

VHF (Vertical Horizontal Filter) - indicator for MetaTrader 5

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Published by:
Nikolay Kositsin
Views:
4654
Rating:
votes: 11
vhf.mq5 (6.17 KB)view

Real author:

LeMan

Vertical Horizontal Filter (VHF) shows, if there is a trend or a flat.

VHF was first described by Adam White in 1991.

There are three ways of VHF interprtation:

  1. VHF values can be used to measure the prices direction. THe higher is VHF, the more stable is a trend.
  2. VHF movement direction allows to determine, if there is a trend or a flat. VHF growth means the presence of a trend; VHF falling indicates possible flat.
  3. It can be also used as the opposite opinion indicator. If VHF values are high - the probability of a future flat is high; if they are low - a new trend is near.

This indicator was first implemented in MQL4 and published in CodeBase at mql4.com 08.09.2009.

VHF

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/600

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