This indicator is based on adjustable artificial high and low values. The average filter regression is a kind of smoothed path between the price movements particular at higher percentages of high and low

p = 10

percentage = p/100

MyHigh = close + close * percentage
MyLow = close - close * percentage

ONCE AFR = medianprice

IF MyLow > AFR THEN
AFR = MyLow
ENDIF

IF MyHigh < AFR THEN
AFR = MyHigh
ENDIF

IF Close > AFR THEN
DRAWPOINT(barindex, close, 1)coloured(0,51,255)
DRAWSEGMENT(barindex, high, barindex, low)coloured(0,0,255)
ELSE
DRAWPOINT(barindex, close, 1)coloured(251,0,255)
DRAWSEGMENT(barindex, high, barindex, low)coloured(255,0,255)
ENDIF

RETURN Close, AFR

Download

Filename: Smoothed-Filter.itf

Downloads: 104

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