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Vertical Horizontal Filter - VHF for Amibroker (AFL)

Rating:
4 / 5 (Votes 3)
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VHF Indicator

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

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Indicator / Formula

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Apply below price chart

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);

3 comments

1. pkgmtnl

Plz advise, if it is suitable for EOD only or can be applied in Intraday also? If so then what timeframe?

2. RAKESH.NASCENT

It is applicable in all timeframe. The only thing you may change (if required) is parameters if you want to adjust it.

3. praveen5344

not working in Amibroker 6.0, giving blank screen

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