I need a indicator (VHF)
What is good for this VHF indicator!?Coz never heard of it......
What is good for this VHF indicator!?Coz never heard of it......
From TASC:
The vertical horizontal filter (VHF), which was introduced by Adam White in 1991, is one indicator you can use to determine whether a security is going through a congestion phase or a trending phase. The VHF is not your typical indicator that gives you buy and sell signals; what the VHF does is help you decide which indicators to apply. During a trending phase, the vertical rise in prices is stronger than during a congestion phase. The VHF measures the vertical rise in prices over time. The calculation of the VHF indicator is relatively simple, and it is explained in the sidebar, "The vertical horizontal filter."
The VHF indicator can be used:
1To determine whether a specific market is trending or in a congestion phase. A rising VHF line indicates the trend is strong, whereas a falling line indicates it is weak.
2 To determine the strength of a trend. A VHF reading above a certain benchmark may indicate a strong trend, whereas a reading below another benchmark indicates it is weakening.
3 As a contrarian indicator. If you see relatively low VHF values, you can expect prices to break out of the congestion phase and start trending. Conversely, a relatively high VHF value indicates that the trending phase may have come to an end and the market will be entering a congestion phase.
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Thanks Linuxer,now I get it about how to use the VHF!
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Does anyone have the Vertical Horizontal Filter (VHF) indicator in mql4?
I would appreciate it very much!