Enhanced Convolution RasterChart (HeatMap) - Dr. John Ehlers

5. Juli 2019

This is my enhanced version of Dr. John Ehlers' convolution heat map using Pine Script version 4.0. The original concept comes from chapter 13 of his book "Cycle Analytics for Traders". I did heavily modify the original computations for the purpose of reducing lag, but sometimes only improved by occurring one bar sooner. I would consider this a confirmational indicator due to the fact, that the vibrant and dramatic color changing technique usually occurs after reversals at the lowest portion of the chart in an overall positive trend typically, unless you have adjusted the "Periods" optimally by chance.

I provided multiple color schemes with an inversion technique for those of you who may have color blindness vision impairments. You may contact me in private if these color schemes are not suitable for your diagnosed visual impairment, and you would wish to contribute to seeing this color scheme improved along with other future indicators I shall release.

The "Shortest Period" controls the smoother and the "Longest Period" controls the highpass roofing filter.

I once again would personally like to thank the talented individuals at TV for providing a platform that embraces an initial free membership, which I first obtained myself, for individuals like me to freely code in Pine with mathemagical ideas and mental wizardry, creating ultimately, inventions like this eye candy display above.

Features List Includes:
"Source" Selection
Longest period adjustment
Shortest period adjustment
Dual color scheme option
Color inversion checkbox

This is not a freely available indicator, FYI. To witness my Pine poetry in action, properly negotiated requests for unlimited access, per indicator, may ONLY be obtained by direct contact with me using TV's "Private Chats" or by "Message" in my member name above. The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... If you do have any questions or comments regarding this indicator, I will consider your inquiries, thoughts, and ideas presented below in the comments section, when time provides it. As always, "Like" it if you simply just like it, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!

9. Juli 2019

Versionshinweise

Fixed a bug where a micro asset like CNDBTC would not display properly, due to the precision of it's value being incredibly small. This was remedied by automatically detecting the instruments maximum precision.