GFilter: Gaussian-Filtered Moving Average Direction Indicator

Summary

GFilter is described as a moving-average indicator that first processes the price series with a Gaussian filter. It marks the moving average’s direction using color, while dots use color to represent the direction of the moving average’s velocity. The display is intended to make changes in trend direction and the average’s movement visible in a chart.

The document identifies the indicator as originally written in MQL4 and gives its initial publication date in the MetaTrader Code Base. It provides no formula, parameter guidance, trading rules, backtest, or evidence that the visual signals predict future price movement. As presented, GFilter is a charting aid rather than a complete strategy: users would need to define how to interpret its color changes and test any resulting rules, including sensitivity to price noise and lag from smoothing, before relying on it in trading.

Key ideas

• GFilter applies Gaussian filtering to a price series before forming a moving average.
• The moving average is colored according to its direction.
• Dot colors indicate the direction of the moving average’s velocity.
• The document provides no trading rules or evidence of predictive performance.
• Any strategy based on the indicator requires separate parameter choices and testing.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.