Digital Filters

This is interesting indicator coded for MT4 and for MT5 - Hodrick Prescott:

• Hodrick Prescott Indicator - indicator for MetaTrader 4
• Hodrick-Prescott Channel - indicator for MetaTrader 4
• Hodrick-Prescott Channel - indicator for MetaTrader 5

By the way, one of the coder (who coded and placed his version on CodeBase - see links above) is suggesting to use this indicator for scalping on open bar for M1 timeframe.

Digital Filters
- the thread is here
- the theory started from the first page of the thread.
- Digital filters - separate 600+ indicator is on this post. Just about FilterType parameter: 0 is FTLM; 1 is for STLM; 2 is RBCI and FilterType = 3 is PCCI

Heiken Parabolic Trading System is on this thread.
- Heiken Parabolic Digital filters is on this post

Hi Newdigital

Do the digital filters repaint? The explanations were too technical and wanted to get your opinion. Thanks

Originally Posted by Erikku

Hi Newdigital

Do the digital filters repaint? The explanations were too technical and wanted to get your opinion. Thanks

No, it does not repaint (it should not).

Appreciate the answer~ Thanks.

ColorJFatl_Cloud_Digit_Grid - indicator for MetaTrader 5

Hybrid of the FATL (Fast Adaptive Trend Line) digital filter and analog adaptive averaging JMA — the ColorJFatl indicator that fills the chart space with a colored background and displays the most recent value as a price label with the possibility to round the channel levels up to a required number of digits, as well as displays a price grid with those rounded values.

Thanks for sharing.

I have a suggestion why not we create a thread for MT5 allocate all indicators, expert adviser or scripts for MT5 so members of this forums can easily find it.

Digital Martingale-2 600+ EA is on this post (premium section link).

Discussion thread about this EA is this one(premium section link).

This is very old idea namely the following: PCCI_Renko Trading System.
It is related to one indicator only (attached) which combined pcci and renko indicators all together in separate window.

The rules are the folllowing:

• if red line (pcci) is crossing the yellow line (upper renko line) to above - signal for buy;
• if red line is crossing blue line to below - signal for sell.

We can play with Kv and Lenth settings of the indicator to reduce many false signals for example.