Helper Tool for the FLIX Trail 4.0 - Chop Filter
The goal is to filter sideways or ranging action with the help of this oscillator. It calculates the %-distance of the price to a moving average so you can filter signals around the center line.
The upper and lower line are thresholds to catch reversals of the trend when the distance to moving average is too wide. Eventually everything returns to it's baseline :)
Thanks @dgtrd and @imzeeshan for the inspiration 🙏
The goal is to filter sideways or ranging action with the help of this oscillator. It calculates the %-distance of the price to a moving average so you can filter signals around the center line.
The upper and lower line are thresholds to catch reversals of the trend when the distance to moving average is too wide. Eventually everything returns to it's baseline :)
Thanks @dgtrd and @imzeeshan for the inspiration 🙏
🟢 DM for collaboration