Range Filter Strategy
Last updated
Last updated
Range Filter is an experimental study designed to filter out minor price action for a clearer view of trends. It is a better trend following strategy with lesser whipsaws
How Range Filter is Calculated?
1)A smooth average price range is calculated for the basis of the filter and multiplied by a specified amount. 2)The filter is calculated by gating price movements that do not exceed the specified range. 3)The target ranges are plotted to display the prices that will trigger filter movement.
Download PineScript here