EF - indicator for MetaTrader 5

EF – indicator MetaTrader 5

by

Ehlers Filter. The indicator allows tracking the common trend and trade in its direction.

There are three adjustable parameters:

  • Period – calculation period
  • Momentum – momentum period
  • Applied price – calculation price

Calculation:

EF = SMA(PriceCoeff) / SMA(Coeff)

where

PriceCoeff[i] = Coeff[i] * Price[i]
Coeff[i] = Abs(Price[i] - Price[i-Momentum])
Price -- Applied price


EF – indicator MetaTrader 5
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