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[NLX-L2] Hurst Exponent Signal Filter

- Hurst Exponent Signal Filter -

The Hurst Exponent Signal Filter is meant to be used with an external signal source, this can be any indicator with a signal plot output (-1 Sell / 1 Buy)
It filters out a lot of noisy signals and improves the performance of many indicators.

- Example: How to Use -

1. Add a trend Indicator like Trend Index MTF to your chart
2. Add an indicator with a signal plot like Fishers Stochastic Center of Gravity to your Chart and select the Trend Index MTF with Type L1 in the Settings as Signal Source
3. Add this Hurst Signal Filter to your Chart and select the Fishers Stochastic Center of Gravity with Type L2 in the Settings as Signal Source
4. Add the Backtest Module to your Chart and select the Hurst Signal Filter with Type L2 as Source

- Alerts for Automated Trading -
See my signature below. Contact me for the Alert module.

🟥 🟧 🟨 🟩 Private Indicators, Strategies and Bots (incl. Source-Codes): https://opensea.io/collection/trading-strategies-indicators

High Performance Scalper: https://bit.ly/3bnyyLf

PNL Reports: https://imgur.com/a/itPmA7E

Telegram: @nomad5am
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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