alexm wrote: Thu Dec 24, 2020 4:37 am maybe somebody have an indicator that paints a price channel using the Hodrick-Prescott Filter? i found Hodrick-Prescott Channel - vhpchannel but maybe there is some variation maybe thereis mtf version?

I don't Know if this will help you (Hodrick-Prescott Channel) but in good hands can be a ATM cash machine.

As you can see, it consists of two chart elements, two bands that create a channel called VHP, and a 21-period moving average(MA) line called HP Trend. There is also a middle dashed line that separates bearish and bullish market conditions.

The Hodrick Prescott Channel indicator is meant to catch price reversals. So when it comes to an understanding the HPC, it’s essential to know that when the 21-HP Trend indicator moves below the middle dashed line and the price rejects the lower chart channel band, it signals a bullish chart trend in the market. Conversely, if the price rejects the upper chart band when the HP Trend rises to the second half of the charted channel, it suggests a bearish market trend.

That indicator tracks price action changes and automatically plots channels to identify market support and resistance levels. The key to using this tool effectively is to buy at chart support levels and sell at resistance levels, all while following the overall trend direction.


Hodrick-Prescott Channel Indicator: Buy Signal

21 HP Trend dips below the chart channel middle line
Price approaches the lower band and rejects it
Channel should be leaned upwards
Open long-entry trade when the above conditions are met
Set stop loss(SL) a few pips below the most recent market’s low point
First, take profit at the middle line, and second, take profit(TP) at the opposite band

Hodrick-Prescott Channel Indicator: Sell Signal

21 HP Trend rises above the chart channel middle line
Price approaches the upper band and rejects it
Channel should be leaned downwards
Open short entry trade when the above conditions are met
Set stop loss(SL) a few pips above the most recent market’s high point
First, take profit at the middle line, and second, take profit(TP) at the opposite band