OPEN-SOURCE SCRIPT

Ehlers Zero Mean Roofing Filter [CC]

Updated

The Zero Mean Roofing Filter was created by John Ehlers (Cycle Analytics For Traders pg 80) and this is a much more reactive roofing filter compared to Ehler's Roofing Filter which I also added for reference. Buy when the indicator rises over 0 and sell when the indicator falls below 0.

This was a special request so let me know if there are other indicators you would like to see me publish or if you want something custom done!

Release Notes

changed input type

Release Notes

restored the default values

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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