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Squelch Those Whipsaws


ryaz

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Well a useful indi I couldn't find for mt4 is John Ehler's squelch, originally published in tech. analysis if stocks & commodities

[spoiler:nchv47w9]http://www.traders.com/documentation/feedbk_docs/2000/09/Abstracts_new/Ehlers/Ehlers.html[/spoiler:nchv47w9]

Here's my version of the squelch filter.

[spoiler:nchv47w9]http://www.forexsharing.com/294722

p.[sq]ryaz[/spoiler:nchv47w9]

regards

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Re: Squelch Those Whipsaws

 

...but it also filters out quite many profits...

The indicator has a threshold so you can adjust the cut-off range. What is good about John Ehlers' indicators is that they are somewhat predictive. This is true because the indicator computes a dominant cycle for the market and assumes that if the market is cyclic the frequency of the dominant cycle will be more or less the same in the future.

regards

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Re: Squelch Those Whipsaws

 

Well a useful indi I couldn't find for mt4 is John Ehler's squelch, originally published in tech. analysis if stocks & commodities

[spoiler:1d5f6vop]http://www.traders.com/documentation/feedbk_docs/2000/09/Abstracts_new/Ehlers/Ehlers.html[/spoiler:1d5f6vop]

Here's my version of the squelch filter.

[spoiler:1d5f6vop]http://[email protected]/294722

p.[sq]ryaz[/spoiler:1d5f6vop]

regards

 

Hi ryaz,

 

Can you post some charts how to best use your indicator? Using the default setting or experimenting with different ones I don't see how it can consistently filter out consolidations or choppy periods. Thanks.

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  • 2 weeks later...

Re: Squelch Those Whipsaws

 

Yet another version of the squelch filter parametrised and combined with the sinewave indicator

[spoiler:15s4tfur]http://www.forexsharing.com/347560

p.[ss]ryaz[/spoiler:15s4tfur]

The use of it is like a confirmation indi:

Blue line is above = trend is up (may enter long)

Red line is above = trend is down (may enter short)

Grey line appears = no trend (may enter using CT strategy)

Blue/Red lines converge = trend is about to change

 

Standalone use suggestion:

Like any trend indi works better on higher TFs lets say M15 and above

You may enter trades if no grey line appears

Enter long > if previous 2nd order swing high is breached

Enter short > if previous 2nd order swing low is breached

Stop Loss > on opposite 2nd order swing point

Take profit > 200% swing high-swing lo difference

Partial exit> on 50% swing high-swing lo difference

Exit > when trend is about to change OR you name it

regards

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Re: Squelch Those Whipsaws

 

Yet another version of the squelch filter parametrised and combined with the sinewave indicator

[spoiler:zllj729f]http://[email protected]/347560

p.[ss]ryaz[/spoiler:zllj729f]

The use of it is like a confirmation indi:

Blue line is above = trend is up (may enter long)

Red line is above = trend is down (may enter short)

Grey line appears = no trend (may enter using CT strategy)

Blue/Red lines converge = trend is about to change

 

Standalone use suggestion:

Like any trend indi works better on higher TFs lets say M15 and above

You may enter trades if no grey line appears

Enter long > if previous 2nd order swing high is breached

Enter short > if previous 2nd order swing low is breached

Stop Loss > on opposite 2nd order swing point

Take profit > 200% swing high-swing lo difference

Partial exit> on 50% swing high-swing lo difference

Exit > when trend is about to change OR you name it

regards

 

What's CT strategy?

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