This indicator plots a Supertrend-based trend-following setup in a separate pane and skips conditions it treats as a sideways market. A volatility range is built from an ATR value, with RMA, SMA, EMA, or WMA smoothing, or from a fixed point distance. Optional
Indicator · Pine Script v5 · Own pane
Vertical Horizontal Filter
The Vertical Horizontal Filter indicator determines whether an asset is trending or consolidating.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code19
Settings4inputs
LicenceNone stated
Last update3 years ago10 Nov 2022
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Vertical Horizontal Filter calculates the ratio between the highest-lowest price range over a set lookback period and the sum of absolute price changes over the same period. The script plots the resulting value in a separate pane along with a horizontal threshold line. When the filter exceeds the specified threshold level, the plot changes color to indicate trending conditions versus ranging states. Configurable settings include the calculation period, threshold value, and line colors.
- Vertical Horizontal Filter oscillator calculation
- Dynamic line coloring based on trending or ranging threshold
- Adjustable lookback period and threshold parameters
- Horizontal reference line for regime transitions
Details
Published by
JohnsonHsiao on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Trend, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| VHF period | int | 10 | period |
| Gap for determine whether is Price Vertically Movement | float | 0.2 | level |
| momentum | color | color.red | momentum |
| ranging | color | color.blue | ranging |
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.
Similar Pine Scripts
This indicator generates trade entry signals and target levels optimized for 1-hour timeframes, designed for external signal extraction. It calculates 7-period and 16-period EMAs alongside 10-period RSI and ATR filters. Long signals occur when the fast EMA cro
MultiIndicator combines multiple technical indicators into a single separate pane to save chart space. It calculates and displays market regime detection based on ordinary least squares regression, a Holt exponential smoothing crossover, normalized RSI, ADX, a
This indicator plots an oscillator in a separate pane. It builds several SuperTrend series across a user-defined factor range and step, using ATR as the band width. On each bar it measures the distance between the close and each SuperTrend output, then groups
The script plots the Choppiness Index in a separate pane. It sums true range over a lookback and compares that sum with the highest-high to lowest-low range, then scales the result from 0 to 100. Lower readings indicate a trending market and higher readings in
This indicator combines Chaikin Money Flow (CMF), a SuperTrend baseline, and an Average True Range (ATR) calculation inside a separate sub-pane. It calculates a standard 20-period CMF plotted as a line and colored histogram columns around a zero baseline, trac
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers