Indicators: Hodrick-Prescott Channel

Hodrick-Prescott Channel:

The indicator plots a price channel using the Hodrick-Prescott Filter.

The first step is to calculate the smoothed values of Close prices. After that it smoothed again with higher smoothing period. As a result we will have HP and HPSlow. On the next step we calculate the standard deviation HP relative to HPSlow and construct the channel.

The indicator prints the ratio of a full channel width to HPSlow[0], presented in percents. This text can be easily moved at any place on the chart - just drag it with double mouse click and move.

Author: victorg

Hodrick-Prescott Channel

it seems you have posted vacc_01_en, not this Hodrick-Prescot-Channel as seen on the snapshot above
Fixed. Thank you.

Thanks

look very usefull, could we have an audio alert when prices goes outside the channel ?

I prefer to calculate the coefficient on the deviation of a coherent typical price using conventional methods.

But in general, you should not rely on this channel.

Vasily:

I prefer to calculate the coefficient on the deviation of a coherent typical price using conventional methods.

can you post it, as I couldn't find it in your profile?
It repaints, however, that is the nature of a hodrick-prescott based indicator. Just be aware that you cannot 'backward' test on a chart. You can only forward-test.
Automated-Trading:

Hodrick-Prescott Channel:

Author: victorg

How would you use this indicator?

The indicator doesn't appear on chart. Would you sort it out ?