Category: MESA8
Input parameters
Name
|
Setting
|
Default
|
Optimization range
|
Scale
|
Number>0
|
.95
|
0.5-1
|
Tune
|
Number>0
|
1
|
0.25-2
|
Delta
|
Number>0
|
0.2
|
0.05-0.5
|
Price
|
Input time series
|
Close
|
|
Lag
|
Integer>0
|
3
|
1-20
|
Description
The Bandpass Trigger indicator is a 20% bandwidth bandpass filter tuned to the MESA-measured dominant cycle. Its amplitude is plotted as a percentage of price. The Bandpass Trigger is intended as a line-crossing event with the BandPass indicator to show trade entry points. A buy indication occurs when the BandPass indicator crosses over the BandPass Trigger indicator. A sell indication occurs when the BandPass indicator crosses under the BandPass Trigger indicator. The Scale parameter adjusts its amplitude relative to the BandPass indicator amplitude and the Lag parameter adjusts its delay. These adjustments are made to reduce whipsaw trade indications. The Tune parameter adjusts the dominant cycle period relative to its measured value. The Delta parameter is the bandwidth of a bandpass filter in terms of +/- percent of the center period. A smaller number gives a narrower bandwidth to eliminate extraneous cycle components and a larger number give a wider bandwidth to improve responsiveness to transients
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