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vStore   VTL Plugins Free 3 Pole BW Filter

3 Pole BW Filter

Three Pole BW Filter is a powerful VertexFX client-side auto-trading robot based upon Digital Signal Processing (DSP) concepts for identifying market trends.
DSP is used to eliminate noise (whipsaws) in the price and reduce lag (frequency delay) as much as possible to get accurate and fast signals. This indicator uses the Butterworth filter logic which is a low-pass filter. The number of poles is the degree of the low-pass filter.

We first calculate the filter based upon the Median price. Then 4rd order (3nd degree) of smoothing is applied to derive the indicator value. This indicator successfully eliminates whipsaws without introducing lag, which helps it identify excellent trading opportunities.

Certain markets respond better to Three Pole Butterworth Filter compared to the Two Pole Butterworth filter due to the nature of the whipsaws and the characteristics of the market. Therefore, a trader must identify the most suitable degree of the Butterworth filter for each market.

Buy: Buy trade will be triggered when the price closes above the indicator. Place stop-loss at the nearest swing low.

Sell: Sell trade will be triggered when the price below above the indicator. Place stop-loss at the nearest swing high.

Usage

  • Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
  • Copy it to your company VertexFX Local VTL Files folder i.e. C:\ProgramData\VertexFX Client Terminals\"Company name"\VTL10\Local VTL Scripts
  • Restart your Client Terminal or Right Click on "Local VTL Scripts" Tree Node to find the script.

For the professional version of this VTL please click here.

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27 April 2016
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Disclaimer: Hybrid Solutions is the VertexFX trading platform vendor, provides technology only for the financial institutes and does not have any intervention in any financial role or in the trading cycle. Hybrid Solutions clears its responsibility from any financial institute's behavior. Choose your broker wisely and seek independent advice if necessary.

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