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
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