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Hodrick-Prescott (HP) filter

hajixde Updated   
Moving Averages hodrickprescott HP
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movingaverage hodrickprescott hp
This indicator is an implamentation of Hodrick-Prescott (HP) filter
This filter is a mathematical model the can remove cyclical components from the price signal to get the trend components.
  • "Lambda" is the smoothing factor and can have a value between 1 and infinity.
  • "Length" is the number of previous prices that are included in the filter.
The default values of lambda and length work well for almost all time frames.

snapshot
Release Notes:
Converted to v5
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.

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