PFE - MetaTrader 5 Script - MQL5 #21664 | Forex Indicator Download - MT4/MT5 Resources
The Polarization Fractal Efficiency (PFE) indicator is designed to identify trends.
There are four input parameters:
PFE = EMA(B, MA period)
Where:
If off > off [slow ROC period] :
B = 100.0*Z
Others:
B = -100 * Z
Z = Sqrt(LongROC * LongROC + 100) / (Sqrt(ShortROC * ShortROC+1) + PDS) LongROC = 100.0 * (closing price/closing price [slow ROC period]-1) ShortROC = 100.0 * (Closing Price/Closing Price [QuickROC Period]-1)
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