HodrickPrescott

Hodrick-Prescott Channel – indicator MetaTrader 5

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Hodrick-Prescott Channel
The indicator plots a price channel using the Hodrick-Prescott Filter. The first step is to calculate the smoothed values of Close prices. After that it smoothed again with higher smoothing period. As a result we will have HP and HPSlow. On the next step we calculate the standard deviation HP relative to HPSlow and construct … Read more

Hodrick-Prescott Channel – indicator MetaTrader 4

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GBPUSD.eM1.png
Real Author: Victor Brief description of the channel This channel is the augmented version of the channel for MQL5 revised for MQL4. First, the filtered Close price values are calculated. Then, they are filtered with a larger period. The result is two arrays: HP and HPSlow. The next step is the calculation of the standard … Read more