OPEN-SOURCE SCRIPT
Band-Pass Filter
Just a clean script that can be applied on top of other indicators/sources or you can take the function out of the source and use it in other scripts.
The idea for this was taken from https://www.pinecoders.com/techniques/dsp/#fir-band-pass-filters-design except I am utilizing an EMA instead of SMA. Simply put, we are combining a low-pass filter (moving average) with a high-pass filter (smoothed difference between the source and moving average). The result is a filter/moving average that provides a great combination of minimizing noise while still reacting strongly to price and trend changes.
I like to use this filter in place of other MAs in Pine Scripts to smooth my data. So instead of doing something like sma(stochastic,5) I can easily plug in bp(stochastic,5). It works just fine for your primary moving averages against price as well.
The idea for this was taken from https://www.pinecoders.com/techniques/dsp/#fir-band-pass-filters-design except I am utilizing an EMA instead of SMA. Simply put, we are combining a low-pass filter (moving average) with a high-pass filter (smoothed difference between the source and moving average). The result is a filter/moving average that provides a great combination of minimizing noise while still reacting strongly to price and trend changes.
I like to use this filter in place of other MAs in Pine Scripts to smooth my data. So instead of doing something like sma(stochastic,5) I can easily plug in bp(stochastic,5). It works just fine for your primary moving averages against price as well.
Script de código aberto
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Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.