NEF - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

Ehlers Filter uses a nonlinear distance calculation algorithm. This indicator allows tracking common trends and trading in their direction. Unlike the linear Ehlers filter , its delay is shorter and allows for more accurate detection of opening and closing directions.

There are three tunable parameters:

 EF = SMA(price coefficient) / SMA(coefficient)
PriceCoeff[i] = Coeff[i] * Price[i]
Coeff[i] = (price[i] - price[i-momentum]) * (price[i] - price[i-momentum])
Price--applicable price
 Attachment download
 📎 nef.mq5 (9.96 KB)
 Source: MQL5 #20979
NEF - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
 NEF - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
 Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.