Abstract: An estimator for estimating the amplitude/frequency characteristic of a source signal from which baseband components i and q which are applied to the inputs of said estimator are derived by demodulation using two signals having orthogonal phases. The estimator includes a combiner for generating complex components i+j.multidot.q and q+j.multidot.i from the components i and q and evaluates the relative amplitudes of the complex components in order to produce a coefficient representative of the amplitude/frequency characteristic of the source signal. The invention can be used to implement a frequency equalizer whose estimator operates in the baseband, the estimator possibly driving a transversal filter operating at the intermediate frequency or at the microwave frequency.