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Does anyone have or would be able to code a MTF Low Pass Filter. I was thinking of something simular to the N4 TF HAS Bar used in the Steinz method or Forex Freedom Bars.
I find the Low Pass Filter very useful for finding trends on on the higher time frames and finding entries in the lower time frames. If you was to be able to visually see all the time frames in one indicator. Perhaps D1,H4,H1,M30,M15,M5. I believe you would better able to pick tops and bottoms off the on counter trend's dips and rallys.
There are four different type of digital filters:
- Low Pass Filter (FATL/SATL, RFTL/RSTL, KGLP);
- High Pass Filter (KGHP);
- Band Pass Filter (RBCI, KGBP);
- Band Reject (stop) Filter (KGBS).
I moved your post to this thread just because of our 'low pass filter' words. I am not sure that you meant digital filters ...
If you was thinking about digital filters so it was coded already as MTF (posted somewhere on this section).
Ok, cool...I guess this thread would be more appropriate. Well I had an idea for an Indicator. I am trying to learn how to program but its taking longer then I thought it would take. Well anyways. Let me try to clarify what I was trying to say.
If you take a look at the Indicators that I included with this post.
LowPassFilter
N4 TF HAS Bar2.mq4
You can see that the N4 TF HAS Bar indicator. It shows 4 different time frames, and depending on what time frame chart you are currently on, it will display different TF data. If you are on the H1 chart you will see that the Indicator shows W1, D1, H4, H1...If you switch to the M30 chart, you can see the D1,H4,H1,M30. And finally if you switch to the M15 chart, you will see the H4, H1, M30, and M15.
Now, I find the LowPassFilter to be very reliable for finidng trends in the Higher time frames, and picking entries points on the lower time frames.
If someone could make an Indicator Like the N4 TF Has Bar.mq4, but instead of using Heiken Ashi for the signal/data, use the LowPassFilter Instead. I believe it would be a great indicator for picking tops and bottoms of counter trends.
***N4 TF Has Bar.mq4 is complemente by N4 TF Has Bar.mq4. They are used and applied in the same indicator window***
I would try to code this myself, but I am just not up to that level yet.
Any comments.
Last edited by newdigital; 03-29-2008 at 12:23 PM.
Thanks for your outstanding work here at the forum. I have a question about the RBCI2. I am trying to figure out the math logic behind it. I looked at the code and it seems rather simple, however it uses these numbers to multiply by the bar close for 55 bars back. What are those numbers? What do they mean?
As I remember RBCI is Range Bound Channel Index. Most simple to use it is for estimating oversolded, overbought or neutral price, or to estimate such as local max or local min of the price movement. Besides, RBCI can participate in our stop loss estimation ...
Besides, RBCI indicator can be used to estimate or predict some price movement in the near future when other indicators are in contradiction between each other.
As to me so I used RBCI in similar way as DeMarker for example, or as BB on separate window.
As to formula so RBCI = FATL - SATL.
I remember that this RBCI is using together with other digfital indicators (FATL and FTLM for example) estimating the market condition and most effective time to open the order. If analyzing RBCI together with PCCI so we can receive or predict some stop loss or tke profit for our order ...
It is all that I remember now without reading any articles or threads.
I will come back to this digital filters when we will programmed the market condition evaluation/estimation/forecasting for RAs signals for portfolio.