Bandpass filter - indicator for MetaTrader 5
Theory :
Short description by John Ehlers :
The objective in cycle mode is to filter out the unwanted components – both low frequency trends and the high frequency noise – and retain only the range of frequencies over the desired swing period . A filter for doing this is called a bandpass filter and the range of frequencies passed is the filter’s bandwidth .
Usage :
You can use the color changes as signals
Download link :Bandpass filter
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