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Vertical Horizontal Filter
The VHF indicator can be a useful tool as it attempts to measure the “trendiness” of a market. It reveals the strength of a trend, not the trend direction. This filter compares the sum of one-day price changes within a specific time period to the range between the high and low prices over the specified period. The VHF values help identify whether prices are in a trending phase as well as the degree or strength of a trend, where the trader should use trend-following indicators, or if the prices are in a trading range market, a case where congestion-phase indicators (such as
oscillators which work well in trading range markets) should be used.
In theory, the VHF indicator can be used in the following three ways:
1. In determining whether a particular market condition is trending or is in a congestion/non-trending phase: A rising VHF line indicates a developing trend; a falling VHF line indicates prices may be entering a trading range market.
2. To determine the degree or strength of a trend: The higher the VHF line, the higher the degree of trending. A falling line indicates a trend is weak.
3. The use of the VHF as a contrarian indicator: Relatively low VHF values can indicate that prices can be expected to break out of the congestion phase and start trending. On the other hand, relatively high VHF values indicate that a trending phase may be coming to a close and that the market is getting ready to enter a congestion phase.
COMPATIBILITY:
NinjaTrader 6.5: YES
NinjaTrader 7.0: YES
Category
NinjaTrader 6.5 Indicators
NinjaTrader 7 Indicators
Details:
Vertical Horizontal Filter
Category:
NinjaTrader 6.5 Indicators
NinjaTrader 7 Indicators
December 6th, 2009
Size: 5.92 KB
Downloaded: 1944 times
Keywords:
trend
ninjatrader
chop
sideways
congestion
gregid
217
gregid
Comments/ratings
Big Mike
December 6th, 2009 10:01 PM
Thank you greg!
eone
December 13th, 2009 02:18 PM
Thank you for the post. I found the default setup very useful in my paper trading. I just wanted to know if there is an ideal threshold.
Scalper
December 23rd, 2009 08:38 AM
Just what the old tool box needed
Thanks Greg
greathopes
April 15th, 2010 08:20 AM
Wow thanks for this! So helpful for creating the feel of the action. Good Job
rfiske
July 11th, 2010 02:27 PM
Very nice. Great job. Thanks
tradermav
October 4th, 2010 02:23 AM
Thanks for sharing appreciate the work put into this indicator.
tradermav
March 23rd, 2011 02:21 PM
Thanks for sharing.
piptek
May 25th, 2011 10:49 PM
Thanks for sharing and your hard work. Big heart.
philtrader
August 13th, 2011 07:37 PM
thanks for sharing. defining trend strengh is key with money management.
traderhas
April 12th, 2018 02:17 AM
My goodness!This is the ultimate filter for chop.Tried it on 1 min Dow futures.Thanks and God bless.CANNOT trade without it.
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