OPEN-SOURCE SCRIPT
Ehlers Instantaneous Trend [LazyBear]
One more to add to the Ehlers collection.
Ehlers Instantaneous Trendline, by John Ehlers, identifies the market trend by doing removing cycle component. I think, this simplicity is what makes it attractive :) To understand Ehlers's thought process behind this, refer to the PDF linked below.
There are atleast 6 variations of this ITrend. This version is from his early presentations.
Is this better than a simple HMA? May be, May be not. I will leave it to you to decide :)
I have added options to show this as a ribbon, and to color bars based on ITrend. Check out the options page.
More info:
- ITrend: mesasoftware.com/seminars/AfTAMay2003.pdf
List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970
Ehlers Instantaneous Trendline, by John Ehlers, identifies the market trend by doing removing cycle component. I think, this simplicity is what makes it attractive :) To understand Ehlers's thought process behind this, refer to the PDF linked below.
There are atleast 6 variations of this ITrend. This version is from his early presentations.
Is this better than a simple HMA? May be, May be not. I will leave it to you to decide :)
I have added options to show this as a ribbon, and to color bars based on ITrend. Check out the options page.
More info:
- ITrend: mesasoftware.com/seminars/AfTAMay2003.pdf
List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970
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?
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
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