OPEN-SOURCE SCRIPT
Butterworth Filter by Shizaru
The original script was posted on ProRealCode by user StefanoCG.
Butterworth Filter (called also "maximally flat") is one of the simplest electronic filter. Its purpose is to obtain a frequency response of the flat as possible in the passband. Applied to the retail price index aims to filter out the "noise" and give you an indication on the direction of the more readable price.
Credits to: prorealcode.com/prorealtime-indicators/butterworth-filter/
Butterworth Filter (called also "maximally flat") is one of the simplest electronic filter. Its purpose is to obtain a frequency response of the flat as possible in the passband. Applied to the retail price index aims to filter out the "noise" and give you an indication on the direction of the more readable price.
Credits to: prorealcode.com/prorealtime-indicators/butterworth-filter/
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.