rumpypumpydumpy

Ehler's Reflex Indicator ( + MTF & Adaptive )

Implementation of Ehler's Reflex Indicator from TASC Feb 2020.

Optional MTF and fixed/adaptive length based on one of Ehler's cycle measurements.

Optional settings for his recommended 2 bar averaging, can apply the averaging to either/and source ie (close + close) / 2, the output of the smoothing filter portion of the calculation or the final indicator output.

Green/Red : Reflex/Cycle
Aqua/Purple : Trend
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?

Kommentare

Hi, what could be the conditions for the strategy?
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@dpanday, at its' core it is just another momentum indicator. The two components are more or less the same thing, think of it in terms of the difference between and ema and a volume weighted ema. VWEMA will turn more quickly when volume picks up. In this case the slope coefficient causes the Reflex component to be more sensitive to momentum changes and act as a leading indicator, but it's more susceptible to false signals ie dead cat might trigger a turn. A triple screen momentum strategy will probably work with reflex used as early warning and trendflex as confirmation.
+2 Antworten
Legendary !
+1 Antworten
Does this repaint?
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great work, thanks for sharing this
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