VHF (Vertical Horizontal Filter) – indicator MetaTrader 5

Real author:

LeMan

Vertical Horizontal Filter (VHF) shows, if there is a trend or a flat.

VHF was first described by Adam White in 1991.

There are three ways of VHF interprtation:

  1. VHF values can be used to measure the prices direction. THe higher is VHF, the more stable is a trend.
  2. VHF movement direction allows to determine, if there is a trend or a flat. VHF growth means the presence of a trend; VHF falling indicates possible flat.
  3. It can be also used as the opposite opinion indicator. If VHF values are high – the probability of a future flat is high; if they are low – a new trend is near.

This indicator was first implemented in MQL4 and published in CodeBase at mql4.com 08.09.2009.

Alternative:  Money Flow Index (MFI) - indicator MetaTrader 5

VHF


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