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vStore   VTL Plugins Free Two Pole Butterworth Filter Pro

Two Pole Butterworth Filter Pro

2pole butterworth Pro

Two Pole Butterworth Filter is a VertexFX Indicator based upon Digital Signal Processing (DSP) concepts for identifying market trends.

DSP is used to eliminate noise (whipsaws) in prices and reduces 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. 
We first calculate the filter based upon Median price. Then 3rd order (2nd degree) of smoothing is applied to derive the indicator value.

This indicator successfully eliminates whipsaws without introducing lag, which helps in identify excellent trading opportunities.

BUY - Place Buy position when price closes above the indicator. Place stop-loss at the nearest swing low.

SELL - Place Sell position when price closes below the indicator. Place stop-loss at the nearest swing high.

 

Usage

  • Download the attachment.
  • Copy it to your company VertexFX  Local VTL Files folder i.e. C:\Program Files\Company Name\vtl10\Local VTL Scripts\
  • Restart your Client Terminal or Right Click on "Local VTL Scripts" Tree Node to find the script.

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Listings details

Flat Monthly Fees
$0
Hits
3353
Rating
★★★★★
On
15 September 2015
Attachment (Desktop)
Compatibility
Reviews (1)
byNeeduVerdeSolution

September 29, 2015

Good for jobbing.

Review»

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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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