Ehlers Modified Optimum Elliptic Filter

U.S. Dollar/Swiss FrancFXCM

Description

⋅ Mar 14, 2019 9:23 PM

This indicator was originally developed by John F. Ehlers (Stocks & Commodities, V.18:7 (July, 2000): "Optimal Detrending").

Mr. Ehlers didn't stop and improved his Optimum Elliptic Filter. To reduce the effects of lag he added the one day momentum of the price to the price value.

This modification produce a better response.

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Comments

DayTradingOil

⋅ Mar 15, 2019 3:01 AM

Love Ehler’s work, thank you for contributing your pinescript version. Been looking for more of Ehlers work

everget

⋅ Mar 15, 2019 11:47 AM

@oahutradingprofit, not at all, mate)