OPEN-SOURCE SCRIPT

Detrended Ehlers Leading Indicator [CC]

Updated

The Detrended Ehlers Leading Indicator was created by Bill Mars based off of Ehlers work and this is his attempt to create a leading indicator based on the previous Detrended Synthetic Price. I will be honest that this is a bit of a strange script because it is an indicator based off of the detrended synthetic price which is based off of Ehlers work so I haven't found clear buy and sell signals so I'm open to suggestions. His suggestion for buy and sell signals is to only buy and sell at the indicator crossings but haven't found buy and sell logic that I'm sure about. I have included strong buy and sell signals in addition to normal ones so 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 indicators or scripts you would like to see me publish!

Release Notes

Decided to go with the original entry and exit signals instead of my custom ones based on user feedback

Release Notes

Added all buy and sell signals

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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