The HighPass – LowPass Roofing Filter – indicator MetaTrader 5
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The HighPass-LowPass Roofing Filter was created by John Ehlers (Cycle Analytics For Traders pg.78)
This is a variation of a roofing filter that will let you know which direction the stock is trending. If it falls below 0 then the stock is in a downtrend and if it rises above 0 then it is an uptrend. Buy when the indicator line is green and sell when it is red.
The version for MetaTrader 4 will not be presented here. You can download it along with the source code through my Telegram channel. The link to the channel is in my . Don’t forget to subscribe!
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