Finite Impulse Response (FIR) Filter calculates a weighted moving average using seven configurable coefficient inputs applied to current and historical price values. The filter smooths out market noise to help identify prevailing trends. Users can customize each coefficient weight, select the price source, and toggle color highlighting, which shades the filter line green when rising and red when falling.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
1st Coefficient
float
1
coef1
2nd Coefficient
float
3.5
coef2
3rd Coefficient
float
4.5
coef3
4th Coefficient
float
3
coef4
5th Coefficient
float
0.5
coef5
6th Coefficient
float
-0.5
coef6
7th Coefficient
float
-1.5
coef7
Source
source
close
src
Highlight ?
bool
true
highlight
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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