vhf

Function Name: vhf

Tags: None

Category: Trend

The Vertical Horizontal Filter ("VHF") indicator determines whether prices are in a trending phase or a congestion phase. The VHF indicator attempts to determine the "trendiness" of prices to help you decide which indicators to use.

There are three ways to interpret the VHF indicator:

- You can use the VHF values themselves to determine the degree that prices are trending. The higher the VHF, the higher the degree of trending and the more you should be using trend-following indicators.

- You can use the direction of the VHF to determine whether a trending or congestion phase is developing. A rising VHF indicates a developing trend; a falling VHF indicates that prices may be entering a congestion phase.

- You can use the VHF as a contrarian's indicator. Expect congestion periods to follow high VHF values; expect prices to trend following low VHF values.

 

period
	Default Value: 28  |  Minimum: 1  |  Maximum: 9999
	Type: Numeric