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.
December 6th, 2009
Size: 5.82 KB
Downloaded: 212 times
215
RJay
This is for 6E, FDAX, FESX, TF, YM, ZN only.
Tick-level Market Replay data for NinjaTrader.
Installation instructions:
1. Unzip to your Documents\NinjaTrader 6.5\db\data directory.
2. NinjaTrader should now show the extra dates on the Connect -> Market Replay screen.
(Updated 12/5/2009 to replace archive with regular .zip instead of .zipx format)
Hey Elite Circle Members!.. I wanted to go ahead and share something that Big Mike wrote for me that may help you in your trading. This indicator utilizes Volume, Stochastics, and Reversal Bars, to plot out potential reversals in the market.
I've been working on a multi-timeframe momentum strategy focused on the ADXVMA for a few months now. It uses 4 Range bars for entries and 11 range bars for filters. No secrets, the code is below (keep it amongst the Elite brothers and sisters please).
July 6th, 2010 02:32 AM allexbur Hi Big Mike, I can't download file, browser says "Page not found" when i try
December 7th, 2009 06:20 PM mrticks Thanks for the update.
December 6th, 2009 12:52 AM Big Mike Guys sorry, it was zipped using .zipx, the newest protocol extension of zip, by mistake. I've now re-uploaded it as a n
ormal zip, try downloading it again.
December 6th, 2009 12:31 AM Phriend I also could not extract using Windows built-in unzip function or WinRar.
December 2nd, 2009 05:09 PM solarin Hi Big Mike, I downloaded your file but I cannot extract it, I'm using winrar v. 3.7.
November 4th, 2010 05:12 PM Houston Jr Interesting chart you are working on...has potential, if Im not inputting my biases...added the MomStop V2 with momenty
April 12th, 2018 02:17 AM traderhas My goodness!This is the ultimate filter for chop.Tried it on 1 min Dow futures.Thanks and God bless.CANNOT trade without
it.
August 13th, 2011 07:37 PM philtrader thanks for sharing. defining trend strengh is key with money management.
May 25th, 2011 10:49 PM piptek Thanks for sharing and your hard work. Big heart.
March 23rd, 2011 02:21 PM tradermav Thanks for sharing.
October 4th, 2010 02:23 AM tradermav Thanks for sharing appreciate the work put into this indicator.