bartekhl

Hurst Constant Envelope

bartekhl Updated   
This script follows the fundamentals described in J.M. Hurst works.
Constant Envelope is updated version of EMA with its 2 copies drawn with nominal distance from the base.
That make a constant width channels, unlike the standard envelope using the % concept.
Its width is not changed at different price levels.

Release Notes:
the Moving average last value is set up to be a half of wave length from the last bar on the chart
so is the default offset

changed shift to width
Release Notes:
Added second harmonic envelope, with span 2x basic
Release Notes:
Previous version had a mistake in theory, now
The second harmonic is now envelope with half span of the basic. Just as defined in "The Profit Magic Of Transaction Timing"

Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?