Description
WHT AMF Adaptive Median Filter is an indicator that filters market noise by calculating the price median instead of using simple averages. The median better eliminates extreme values and provides a more realistic view of the representative price.
The indicator offers 5 visualization modes with different smoothing and adaptability levels, each optimized for different market conditions.
Key Features
- No Repaint - Calculated values don't change on closed bars, ideal for backtesting and automated trading
- Median-Based - More robust against spikes and outliers than traditional averages
- Interactive Panel - Switch filters and adjust parameters directly from the chart without reloading
- Bilingual - Interface in Spanish and English
- Minimizable Panel - Takes up little screen space when you need it
Available Modes
1. MEDIAN (No Filter)
Shows the pure price median without additional smoothing. Ideal as a fair value reference line, eliminating extreme values and outliers.
Parameter: Length (periods to consider)
2. KAMA - Kaufman Adaptive Moving Average
Intelligent filter that automatically adapts to market conditions. Fast in strong trends, slow in consolidations. Effectively reduces whipsaws.
Parameters: KAMA Period, Fast Period, Slow Period
3. EHLERS - Super Smoother FIR
2-pole filter designed by John Ehlers. Eliminates high-frequency noise while maintaining minimal lag. Very smooth signal ideal for trend following.
Parameter: Ehlers Period
4. IIR - Recursive Filter
Simple exponential smoothing. Low Alpha (0.1-0.2) for very smooth line, high Alpha (0.5-0.8) for greater reactivity.
Parameter: IIR Alpha (0.01 to 1.0)
5. ALL (Comparison)
Shows median + all 3 filters simultaneously to compare behaviors in real-time. When all agree on direction, the signal is more reliable.
Who Is This Indicator For?
- Trend traders: KAMA and Ehlers provide clean signals with low noise
- Scalpers: Median without filter or IIR with high alpha for quick reactions
- Swing traders: KAMA or Ehlers with high periods to catch large movements
Advantages Over Traditional Moving Averages
- Median vs Mean: Not affected by extreme values, providing a more stable reading of the "real" price
- Adaptability: KAMA automatically adjusts its speed according to market conditions
- Low Noise: Ehlers specifically eliminates frequencies that generate false signals
- Flexibility: 5 modes in one indicator instead of loading multiple indicators
- Total Control: Adjust parameters in real-time without reloading the chart
Summary
The indicator features five visualization modes, each offering different smoothing and adaptability levels tailored to various market conditions:
1. MEDIAN (No Filter): Displays the pure price median as a fair value reference.
2. KAMA (Kaufman Adaptive Moving Average): An adaptive filter that adjusts speed based on market trends, reducing whipsaws.
3. EHLERS (Super Smoother FIR): A 2-pole filter that removes high-frequency noise with minimal lag, suitable for trend following.
4. IIR (Recursive Filter): Exponential smoothing with adjustable alpha for balancing smoothness and responsiveness.
5. ALL (Comparison): Shows median plus all three filters simultaneously for real-time behavior comparison.
Key features include no repainting (stable values on closed bars), an interactive panel for real-time parameter adjustments without chart reloads, bilingual interface (English and Spanish), and a minimizable panel to conserve screen space.
WHT AMF is suitable for trend traders, scalpers, and swing traders across various markets including Forex, commodities, indices, and cryptocurrencies such as BTCUSD and XAUUSD.
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