Vertical Horizontal Filter - VHF for Amibroker (AFL)
RAKESH.NASCENT over 7 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
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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);4 comments
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Plz advise, if it is suitable for EOD only or can be applied in Intraday also? If so then what timeframe?
It is applicable in all timeframe. The only thing you may change (if required) is parameters if you want to adjust it.
not working in Amibroker 6.0, giving blank screen
Hi Rakesh….need your help in the above and developing more Algos. Please mail –
khoobani28930@rediffmail.com