Vertical Horizontal Filter
The Vertical Horizon Filter illustrates the trendiness of certain equity. It lets indicate if the stock is following a trading range or a trend. Adam White developed it.
If the Vertical Horizon Filter is growing, this is likely to demonstrate that a trend is forming. Falling values are likely to demonstrate that prices may be decreasing of the trend and entering a congestion phase, as usually the stock trades within a definite price range without large net up or down shift. It the indicator is higher, the other trend-following indicators are going to function better.