Flex channel – indicator plots channel using Hodrick-Prescott filter. Hodrick-Prescott filter is the method of avreaging time series to remove its cycling componets and shows trend.
Settings
- HP Fast Period – number of bars to calculate fast moving average
- HP Slow Period – number of bars to calculate slow moving average
Additional information in the indicator
- Channel width – channel width in pips at first bar
- MA position – fast moving average position in the channel in persentage
- Close position – Close price position in the channel in persentage
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