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Vertical Horizontal Filter

Posted By: TradersLog

Created by Adam White, the Vertical Horizon Filter tries to indicate whether a security is trending or in a trading range.

A rising Vertical Horizon Filter indicates that a trend is forming. A declining Vertical Horizontal Filter suggests that the trend is ending and the security is entering a congestion phase or sideways market.

Chart courtesy of Prophet Financial Systems (www.prophet.net)

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Categories Articles, Technical Analysis | Tags: Technical Analysis, Technical Indicators

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