Market mode – discontinued signal lines – indicator MetaTrader 5
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Theory :
John Ehlers uses bandpass filter (originally published here : Bandpass Filter) to calculate what can be called a “market mode”. The method used for that is to calculate an average of peaks and valleys and if the bandpass filter is above or bellow those levels, the market mode is determined with relative position to those levels. This version changes that and uses discontinued signal lines for significant levels instead.
Phase accumulation adaptive market mode -… Phase accumulation adaptive version of a market mode using discontinued signal lines (originally published here : Market Mode - Discontinued…
Market mode - indicator MetaTrader 5 Theory : John Ehlers uses bandpass filter (originally published here : Bandpass Filter) to calculate what can be called a…
