VHF
Vertical Horizontal Filter
Description
Vertical Horizontal Filter (VHF) was created by
Adam White to identify trending and ranging markets. VHF measures the level of
trend activity, similar to ADX in the Directional Movement System. Trend
indicators can then be employed in trending markets and momentum indicators in
ranging markets. Vary the number of periods in the Vertical Horizontal Filter to
suit different time frames. White originally recommended 28 days but now prefers
an 18-day window smoothed with a 6-day moving average.
Category
Others
Parameters
N ( Default: 28
Min: 3 Max: 100 )
Chart Script
(HHV(CLOSE,N)-LLV(CLOSE,N))/SUM(ABS(CLOSE-REF(CLOSE,1)),N)