OPEN-SOURCE SCRIPT
Ehlers Detrending Filter [CC]
The Detrending Filter was created by John Ehlers and this is a complementary indicator to one of my previous scripts: https://www.tradingview.com/script/xltq6AMJ-Ehlers-NonLinear-Filter-CC/
This indicator builds upon his previous work by attempting to detrend the underlying source data that is used to calculate the final result. He was able to create a leading indicator by removing the trend data and by using his previous calculations to turn the source data into a leading indicator.
There are two ways to understand this indicator. First if the indicator is below the midline then it is in a mid to longterm downtrend and if it is above the midline then it is in a mid to longterm uptrend. Also this indicator shows great promise in predicting future trends so because of that aspect, it may give some false signals from time to time.
I have color coded everything to account for both strong signals and normal signals. Strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other scripts you would like to see me publish!
This indicator builds upon his previous work by attempting to detrend the underlying source data that is used to calculate the final result. He was able to create a leading indicator by removing the trend data and by using his previous calculations to turn the source data into a leading indicator.
There are two ways to understand this indicator. First if the indicator is below the midline then it is in a mid to longterm downtrend and if it is above the midline then it is in a mid to longterm uptrend. Also this indicator shows great promise in predicting future trends so because of that aspect, it may give some false signals from time to time.
I have color coded everything to account for both strong signals and normal signals. Strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other scripts you would like to see me publish!
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
¿Quiere utilizar este script en un gráfico?
I created the largest stock indicator library:
github.com/ooples/
Custom Indicator Requests:
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github.com/ooples/
Custom Indicator Requests:
forms.gle/ouMffZR3dQ8bSJQG7
Tips are appreciated:
paypal.me/cheatcountry
patreon.com/cheatcountry
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.