Vertical Horizontal Filter - VHF for Amibroker (AFL)

RAKESH.NASCENT

over 5 years ago

Amibroker (AFL)

Vertical Horizontal Filter For Removing False Signals From Trading System

The VHF indicator measure wether the price is going horizontal (non-directional) or vertical (uni-directional), no indicator in technical analysis has this capacity.

The indicator consist of only one simple line below price chart. There are only two main indication given by the indicator as follow:

• If the indicator value is high, it suggest a trending market and low value suggest sideway market
• If it is rising it suggest that the market will start the trend soon. And conversely the falling value suggests that the market is becoming calmer and going to be sideways.

For More Details On Indicator Please Visit www.nascenttraders.com

Screenshots

Indicator / Formula

SetBarsRequired(sbrAll,sbrAll);
VHFP = Param( "VHFPERIOD", 20, 2, 100, 1 );
HCP = HHV( C, VHFP );
LCP = LLV( C, VHFP );
NUMERATOR = HCP - LCP;
for ( i=BarCount-1;i> BarCount-VHFP-1;i--);
{
DIFF = abs(C[i] - C[i-1]);
}
DENOMINATOR = Sum( DIFF, VHFP );
VHF = NUMERATOR*100 / DENOMINATOR;
Plot( VHF, "VHF", colorWhite, styleLine );


HH = HHV(VHF, 100);
LL = LLV(VHF, 100);

Plot(HH, "100-HIGH", colorRed, styleLine);
Plot(LL, "100-LOW", colorBrightGreen, styleLine);

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