The Correlation Angle Indicator was created by John Ehlers (Stocks & Commodities V. 38:06 (8–15)) and this is technically three indicators in one so I'm splitting each one to a separate script. This particular indicator was designed for trend termination and simply buy when it is green and sell when it turns red.
Let me know if you would like to see me publish other scripts or if you want something custom done!
Versionshinweise
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removed state to be used in a separate indicator
Versionshinweise
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updated to make it consistent with my other indicators
i really appreciate you for creating this i joined it with a couple other indicators and the 3 of them match up superbly thanks a million happy trading or coding whatever your heart is into.
vkovshov
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Seems straight forward and simple, but I am struggling to implement this in Python. Get a cycle reset every month when I introduce an out-loop to reset a counter. That is despite trend behavior in a stock.
Genghis_39
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I haven't read the article by Mr Ehlers, but visually it looks to useful only for bullish trades. Thanks a lot for it, I'm looking forward to the other new ones.