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
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
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Aviso legal
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