OPEN-SOURCE SCRIPT

Ehlers Distance Coefficient Filter

This indicator was described by John F. Ehlers in his book "Rocket Science for Traders" (2001, Chapter 18: Ehlers Filters).
averagecoefficientdistanceehlersMoving AveragesTrend Analysis

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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