OPEN-SOURCE SCRIPT
Ehlers Cycle Strategy
Updated
This uses Ehlers methods to create a cycle trading strategy.
It finds the dominant cycle in the market, then creates filters out noise to create an oscillator. It then creates a trigger line using momentum to predict a reversal in price. Finally, Ehlers Empirical Mode Discriminator is used to evaluate trends and eliminate trading against the trend.
Shout out to HPotter, Everget, and LazyBear for implementing many of Ehlers indicators, which I sampled to create this indicator and strategy.
It finds the dominant cycle in the market, then creates filters out noise to create an oscillator. It then creates a trigger line using momentum to predict a reversal in price. Finally, Ehlers Empirical Mode Discriminator is used to evaluate trends and eliminate trading against the trend.
Shout out to HPotter, Everget, and LazyBear for implementing many of Ehlers indicators, which I sampled to create this indicator and strategy.
Release Notes
Fixed bug that increased position size when flipping between long and shortOpen-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.
Software Engineer and FX, Options, Crypto Trader. Previously worked at large options market maker. If you like my scripts and would like to donate:
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Eth: 0x73d59A8214FD70053aF37E9700692e25de441245
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