TradingView
nilux
Oct 19, 2020 3:16 PM

[NLX-L2] Hurst Exponent Signal Filter 

DeFi Index Perpetual FuturesFTX

Description

- Hurst Exponent Signal Filter -

The Hurst Exponent Signal Filter is meant to be used with an external signal source, this can be any indicator with a signal plot output (-1 Sell / 1 Buy)
It filters out a lot of noisy signals and improves the performance of many indicators.

- Example: How to Use -

1. Add a trend Indicator like Trend Index MTF to your chart
2. Add an indicator with a signal plot like Fishers Stochastic Center of Gravity to your Chart and select the Trend Index MTF with Type L1 in the Settings as Signal Source
3. Add this Hurst Signal Filter to your Chart and select the Fishers Stochastic Center of Gravity with Type L2 in the Settings as Signal Source
4. Add the Backtest Module to your Chart and select the Hurst Signal Filter with Type L2 as Source

- Alerts for Automated Trading -
See my signature below. Contact me for the Alert module.
Comments
blackcat1402
excellent performance! thanks for sharing!
nilux
@blackcat1402, you're welcome! Glad you like it! Try this one with my Renko Flip indicator, the signals are really good ;)
RameshLT
longCond & shortCond are same (Hurst > 0.5) ?
fareidzulkifli
@RameshLT, i think hurst> 0.5 means its trending, regardless of direction. So trade signal in either direction is valid if and only if hurst>0.5

Its similar to using adx>20 as trend filter
More