Phase Accumulation Adaptive EMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The Hilbert transform itself is an all-pass filter used in digital signal processing. By using the current and previous price differences, and some feedback, the price value is divided into complex real (in-phase) and imaginary (quadrature) components. It was originally proposed by John Ehlers for TA, but he never got to the stage where he could use it as a cumulative indicator.
It uses the Hilbert transform in phase accumulation mode in order to calculate how many bars are needed to accumulate enough for one bar to be "in phase" to achieve the desired period. This way it will adjust/adapt to market conditions.
In addition to adaptability, this indicator has all the properties of the "classic" average. It changes color based on slope changes, and you can use these color changes as signals.
Attachment download
📎 pa_adaptive_ema.mq5 (15.73 KB)
Source: MQL5 #22787
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