Ehlers Roofing Filter [CC]

The Roofing Filter was created by John Ehlers (Cycle Analytics For Traders pgs 81-82) and this can be interpreted in a few ways. When the indicator crosses over its signal then it is a short term uptrend and when it crosses below its signal then it is a short term downtrend. It is also in a major uptrend or downtrend when it is above 0 and below 0 respectively. Buy when the indicator line is green and sell when the indicator line turns red.

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Release Notes

changed the buy and sell signal to make it easier to follow

Open-source script

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