The Super PassBand Filter was created by John Ehlers
(Stocks & Commodities
V. 34:07 (10–13)) and this is a pretty useful indicator to let you know how volatile the market is right now. This is useful for scalpers because this lets you avoid the choppy markets (usually when the rms
is 1.50 or less but feel free to choose your own level) and gives you good entry and exit points. Buy when the indicator line is green and sell when it is red.
Let me know if there are other indicators you would like to see me publish or if you want something custom done!