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VHF (Vertical Horizontal Filter) - indicator for MetaTrader 5
- Published by:
- Nikolay Kositsin
- Views:
- 12059
- Rating:
- Published:
- 2011.12.07 14:49
- Updated:
- 2016.11.22 07:32
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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:
- VHF values can be used to measure the prices direction. THe higher is VHF, the more stable is a trend.
- 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.
- 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.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/600
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