Indicators: Three Pole Butterworth Filter

 

Three Pole Butterworth Filter:

Three pole Butterworth filter is used for smoothing in this moving average calculation algorithm.

Author: Nikolay Kositsin

Three Pole Butterworth Filter

 
The line is beautiful, but it is late by a lot of bars, the only application I can see is to use it to indicate the flatness on the current timeframe, this property is clearly seen on the chart of 16 August.