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Ehlers Optimum Elliptic Filter

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

Mr. Ehlers worked on the smoother that could have no more than a one-bar lag. An elliptic filter provides the maximum amount of smoothing under the constraint of a given lag.

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