Polarized Fractal Efficiency indicator

Polarized Fractal Efficiency (PFE) is a technical indicator that shows the current efficiency of market prices. The values of the indicator are changing in the range from -1 to 1, the central line is at a zero level.

Usually, if they are positive then current instrument's trend is decreasing. Else, if values of the indicator are less than zero then current instrument's trend is growing.

It is recommended to open a buy position when the indicator value is below -0.5. And it is recommended to sell when the indicator value is above +0,5.

Based on Nikolay Kositsin’s mql5 interpretation Smoothing parameter varies in the meaning depending on algorithm:

• JMA has Phase gap -100/+100
• T3 Phase is multiplied by 100 for better visualization
• Phase for VIDYA is s CMO period
• Phase for AMA is a slow EMA period