The indicator behavior is similar to the FXSniper CCI Trigger but works faster. The purpose is filtering the Cronex Taichi values.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/7347
This is a high-quality ZigZag based on HiLo.RFTL
Reference Fast Trend Line (RFTL) is a response of the FATL digital filter to the series of input prices with a delay equal to the Nyquist interval of 1/2F.
Reference Slow Trend Line (RSTL) is a response of the SATL digital filter to the series of input prices with a delay equal to the Nyquist interval of 1/2F.MTF_PSAR
The Parabolic SAR was also developed by Welles Wilder for use in trending markets. The author of this indicator recommended to identify the trend first, and only after that to use the PSAR for trading with the trend.